Fairfax India Holdings Corporation (OTCMKTS:FFXDF) Short Interest Up 276.7% in August

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 growth in short interest during the month of August. As of August 31st, there was short interest totaling 16,200 shares, a growth of 276.7% from the August 15th total of 4,300 shares. Based on an average daily volume of 38,100 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 38,100 shares, the short-interest ratio is currently 0.4 days.

Fairfax India Stock Performance

OTCMKTS:FFXDF traded down $0.19 during mid-day trading on Monday, hitting $17.67. The stock had a trading volume of 5,285 shares, compared to its average volume of 37,948. The company's 50 day simple moving average is $18.76 and its 200 day simple moving average is $17.74. Fairfax India has a twelve month low of $13.86 and a twelve month high of $20.38. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 37.60 and a beta of 0.88. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.09 and a current ratio of 0.09.

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