Short Interest in Fairfax India Holdings Corporation (OTCMKTS:FFXDF) Expands By 276.7%

Key Points

• The short interest for **Fairfax India Holdings Corporation** increased by **276.7%** in August, rising to **16,200 shares** from **4,300 shares**.
• As of now, approximately **0.0%** of the company's shares are sold short, resulting in a short-interest ratio of **0.4 days** based on an average daily volume of **38,100 shares**.
• Fairfax India reported **$2.06 earnings per share** for the quarter ending July 31st, while shares traded down to **$17.71** during the latest session.

Fairfax India Holdings Corporation (OTCMKTS:FFXDF - Get Free Report) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 16,200 shares, an increase of 276.7% from the August 15th total of 4,300 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 38,100 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 38,100 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Fairfax India Trading Up 0.9%

Shares of FFXDF traded up $0.17 during trading on Wednesday, reaching $17.99. 24,651 shares of the company traded hands, compared to its average volume of 26,856. Fairfax India has a twelve month low of $13.86 and a twelve month high of $20.38. The stock has a 50-day simple moving average of $18.69 and a 200-day simple moving average of $17.74. The stock has a market cap of $2.43 billion, a PE ratio of 38.28 and a beta of 0.88. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.18.

Fairfax India (OTCMKTS:FFXDF - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $2.06 earnings per share (EPS) for the quarter.

About Fairfax India

Fairfax India Holdings Corporation operates as an investment holding company in India. It invests in public and private equity securities and debt instruments in India and Indian businesses, or other businesses with customers, suppliers, or business primarily conducted and dependent in India. The company was incorporated in 2014 and is headquartered in Toronto, Canada.