Fairfax India Holdings Corporation (OTCMKTS:FFXDF) Short Interest Update

Key Points

• Fairfax India Holdings Corporation experienced a significant decline in short interest, dropping by 24.6% in August to a total of 4,300 shares as of August 15th.
• The company's stock opened at $17.60 with a market capitalization of $2.38 billion and a P/E ratio of 37.45.
• Fairfax India reported earnings of $2.06 per share for the quarter ended July 31st.

Fairfax India Holdings Corporation (OTCMKTS:FFXDF - Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 15th, there was short interest totaling 4,300 shares, adeclineof24.6% from the July 31st total of 5,700 shares. Based on an average daily volume of 50,800 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 50,800 shares, the days-to-cover ratio is presently 0.1 days.

Fairfax India Stock Performance

Fairfax India stock opened at $17.60 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $2.38 billion, a P/E ratio of 37.45 and a beta of 0.88. Fairfax India has a 1-year low of $13.86 and a 1-year high of $20.38. The company's 50-day moving average is $18.87 and its 200 day moving average is $17.77.

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

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