Short Interest in Fairfax India Holdings Corporation (OTCMKTS:FFXDF) Drops By 46.2%

Key Points

• Fairfax India Holdings Corporation experienced a significant decline in short interest, dropping by 46.2% in July, with a current total of 5,700 shares shorted.
• The stock is currently trading at $18.60, with a market capitalization of $2.51 billion and a P/E ratio of 39.58.
• In its latest quarterly earnings report, the company posted $2.06 earnings per share (EPS) for the quarter ending July 31st.

Fairfax India Holdings Corporation (OTCMKTS:FFXDF - Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 5,700 shares, adropof46.2% from the July 15th total of 10,600 shares. Based on an average trading volume of 33,900 shares, the days-to-cover ratio is presently 0.2 days. Currently,0.0% of the shares of the company are sold short. Currently,0.0% of the shares of the company are sold short. Based on an average trading volume of 33,900 shares, the days-to-cover ratio is presently 0.2 days.

Fairfax India Stock Performance

OTCMKTS:FFXDF traded down $0.13 during mid-day trading on Friday, reaching $18.36. 23,273 shares of the company's stock were exchanged, compared to its average volume of 22,760. Fairfax India has a one year low of $13.80 and a one year high of $20.38. The firm has a market capitalization of $2.48 billion, a PE ratio of 39.06 and a beta of 0.84. The business's fifty day simple moving average is $18.90 and its two-hundred day simple moving average is $17.87. 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 quarterly earnings results on Thursday, July 31st. The company reported $2.06 EPS for the quarter.

Fairfax India Company Profile

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.