Fairfax India Holdings Corporation (OTCMKTS:FFXDF) Short Interest Up 85.9% in June

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 73,229 shares, a growth of 85.9% from the June 15th total of 39,399 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 121,684 shares, the short-interest ratio is currently 0.6 days.

Fairfax India Stock Performance

OTCMKTS FFXDF opened at $18.17 on Friday. The business’s 50 day moving average price is $17.89 and its 200-day moving average price is $17.65. Fairfax India has a fifty-two week low of $15.46 and a fifty-two week high of $20.49. The company has a market cap of $2.45 billion, a P/E ratio of 9.82 and a beta of 0.85. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04.

Fairfax India (OTCMKTS:FFXDF) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($2.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($3.12). The company had revenue of ($379.97) million during the quarter, compared to the consensus estimate of $3.72 million.

Fairfax India Company Profile

Fairfax India (OTCMKTS:FFXDF) is a Bermuda‐incorporated, Toronto‐based investment holding company that focuses on equity and debt opportunities within India’s rapidly evolving economy. Publicly traded on the OTC market under the symbol FFXDF, the firm seeks to deliver long‐term capital appreciation through a diversified portfolio of Indian financial services, consumer products, healthcare, and industrial enterprises.

The company’s primary activities include making direct equity investments in publicly listed Indian companies as well as participating in private placements and structured debt instruments.