Mahindra & Mahindra Limited (OTCMKTS:MAHMF) Sees Significant Decrease in Short Interest

Mahindra & Mahindra Limited (OTCMKTS:MAHMF) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 19,693 shares, a decline of 49.1% from the September 30th total of 38,652 shares. Based on an average daily volume of 81 shares, the short-interest ratio is presently 243.1 days.

Mahindra & Mahindra Stock Up 0.1%

OTCMKTS MAHMF traded up $0.04 on Friday, reaching $29.45. 509 shares of the company’s stock traded hands, compared to its average volume of 637. Mahindra & Mahindra has a 12 month low of $29.41 and a 12 month high of $44.00. The stock has a 50-day simple moving average of $32.40 and a 200 day simple moving average of $34.11.

About Mahindra & Mahindra

Mahindra & Mahindra Ltd. is an India-based diversified company whose principal businesses include automotive manufacturing and farm equipment. Through its automotive operations, the company produces sport utility vehicles, multipurpose vehicles, commercial vehicles, pickup trucks and electric vehicles, as well as related automotive components and services.

Mahindra is also a major manufacturer of tractors and other agricultural machinery. Its broader group interests have included financial services, information technology, hospitality, logistics, real estate and renewable energy, although the company’s core operations are centered on mobility and farm equipment.

Founded in 1945 as Mahindra & Mohammed and renamed Mahindra & Mahindra in 1948, the company is headquartered in Mumbai, India.