Marwynn Holdings, Inc. (NASDAQ:MWYN) Short Interest Up 23.4% in January

Marwynn Holdings, Inc. (NASDAQ:MWYN) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 31,517 shares, an increase of 23.4% from the January 15th total of 25,548 shares. Based on an average trading volume of 34,639 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 34,639 shares, the short-interest ratio is currently 0.9 days.

Insider Buying and Selling at Marwynn

In other news, CEO Yin Yan sold 1,777,230 shares of Marwynn stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $0.51, for a total value of $906,387.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 29.78% of the stock is owned by insiders.

Institutional Investors Weigh In On Marwynn

A number of large investors have recently made changes to their positions in MWYN. Jane Street Group LLC bought a new position in shares of Marwynn in the 1st quarter worth approximately $141,000. XTX Topco Ltd purchased a new stake in Marwynn during the second quarter valued at approximately $39,000. Bank of America Corp DE purchased a new stake in Marwynn during the second quarter valued at approximately $29,000. Finally, DRW Securities LLC bought a new position in Marwynn in the fourth quarter worth approximately $38,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Marwynn in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Marwynn presently has a consensus rating of “Sell”.

Marwynn Stock Down 1.8%

MWYN opened at $0.75 on Tuesday. The stock has a market capitalization of $15.04 million and a price-to-earnings ratio of -1.59. The firm has a 50 day moving average price of $0.88 and a 200-day moving average price of $0.96. Marwynn has a twelve month low of $0.67 and a twelve month high of $11.20. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.95.

Marwynn (NASDAQ:MWYN) last posted its earnings results on Monday, December 22nd. The company reported ($0.02) EPS for the quarter. The company had revenue of $0.04 million during the quarter. Marwynn had a negative return on equity of 224.54% and a negative net margin of 94.65%.

About Marwynn

Marwynn Holdings, Inc is a holding company with no operations other than holding the shares of its two wholly-owned operating subsidiaries, FuAn Enterprise, Inc (“FuAn”) and Grand Forest Cabinetry Inc (“Grand Forest”), that are in the supply chain business. Through our subsidiaries, we are committed to becoming a leading supply chain company in the U.S. for food, non-alcoholic beverages and indoor home improvement products. Food and Non-Alcoholic Beverages FuAn is a food and non-alcoholic beverage supply chain company that specializes in connecting businesses between different regions, particularly between Asia and the U.S.