Short Interest in Fairfax India Holdings Corporation (OTCMKTS:FFXDF) Grows By 84.3%

Key Points

• Short interest rose 84.3% to 65,299 shares as of March 13 (up from 35,426 on Feb 26), with a days-to-cover ratio of 0.8 based on average daily volume of 80,854 shares; the report nonetheless shows 0.0% of the company's stock sold short.
• Shares opened at $16.23, down 3.7%, and the company has a market cap of $2.19 billion, a P/E of 5.34 and reported quarterly EPS of $2.53; the 50‑ and 200‑day moving averages are $17.59 and $17.24, with a 1‑year range of $14.55–$20.49.

Fairfax India Holdings Corporation (OTCMKTS:FFXDF - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 65,299 shares, an increase of 84.3% from the February 26th total of 35,426 shares. Based on an average daily trading volume, of 80,854 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.0% of the company's stock are sold short.

Fairfax India Trading Down 3.7%

Shares of OTCMKTS:FFXDF opened at $16.23 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market capitalization of $2.19 billion, a P/E ratio of 5.34 and a beta of 0.80. The business's 50-day moving average is $17.59 and its 200 day moving average is $17.24. Fairfax India has a 1 year low of $14.55 and a 1 year high of $20.49.

Fairfax India (OTCMKTS:FFXDF - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The company reported $2.53 EPS for the quarter.

About Fairfax India

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.

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