Short Interest in Kandal M Venture Limited (NASDAQ:FMFC) Declines By 77.6%

Kandal M Venture Limited (NASDAQ:FMFC) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 118,148 shares, a decline of 77.6% from the June 30th total of 527,618 shares. Based on an average trading volume of 152,967 shares, the short-interest ratio is currently 0.8 days. Currently, 0.9% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FMFC. JPMorgan Chase & Co. bought a new stake in Kandal M Venture during the 3rd quarter worth approximately $905,000. BNP Paribas Financial Markets acquired a new stake in Kandal M Venture in the third quarter valued at $454,000. Finally, Millennium Management LLC bought a new position in Kandal M Venture during the 3rd quarter worth $250,000.

Kandal M Venture Price Performance

FMFC traded down $0.00 on Friday, reaching $0.25. The stock had a trading volume of 58,928 shares, compared to its average volume of 209,178. Kandal M Venture has a fifty-two week low of $0.23 and a fifty-two week high of $15.75. The firm has a 50-day moving average of $0.32 and a 200-day moving average of $0.37.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Kandal M Venture from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Kandal M Venture presently has a consensus rating of “Sell”.

About Kandal M Venture

First M&F Corporation is a one-bank holding company. The Company engages in the banking business through its wholly owned subsidiary, Merchants and Farmers Bank of Kosciusko (the Bank) in the states of Mississippi, Tennessee, Alabama and Florida. The Bank offers a range of commercial and consumer services at its main office and two branches in Kosciusko and its branches within central and north Mississippi, including Ackerman, Brandon, Bruce, Canton, Cleveland, Clinton, Durant, Flowood, Grenada, Madison, Olive Branch, Oxford, Pearl, Philadelphia, Ridgeland, Southaven, Starkville, and Tupelo.