Fairfax India Holdings Corporation (OTCMKTS:FFXDF) Sees Large Increase in Short Interest

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 49,342 shares, an increase of 105.3% from the July 30th total of 24,029 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 61,421 shares, the short-interest ratio is presently 0.8 days.

Fairfax India Stock Down 2.9%

OTCMKTS FFXDF traded down $0.56 during trading on Friday, reaching $18.84. 5,534 shares of the company’s stock were exchanged, compared to its average volume of 27,116. Fairfax India has a 1 year low of $15.46 and a 1 year high of $20.49. The stock has a market cap of $2.54 billion, a P/E ratio of 12.64 and a beta of 0.85. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04. The company has a 50 day moving average price of $18.51 and a two-hundred day moving average price of $17.88.

Fairfax India (OTCMKTS:FFXDF) last posted its earnings results on Thursday, July 30th. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $0.36 by $1.34. The business had revenue of ($111.49) million for the quarter, compared to analysts’ expectations of $3.72 million.

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.