Fairfax India Holdings Corporation (OTCMKTS:FFXDF) Short Interest Up 85.9% in June

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 73,229 shares, a growth of 85.9% from the June 15th total of 39,399 shares. Based on an average daily volume of 121,684 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the stock are sold short.

Fairfax India Trading Down 1.3%

Shares of FFXDF opened at $17.93 on Friday. The firm has a market cap of $2.42 billion, a P/E ratio of 9.69 and a beta of 0.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.04. Fairfax India has a 1 year low of $15.46 and a 1 year high of $20.49. The company has a 50 day simple moving average of $17.89 and a two-hundred day simple moving average of $17.66.

Fairfax India (OTCMKTS:FFXDF) last released its earnings results on Thursday, April 30th. The company reported ($2.76) EPS for the quarter, missing the consensus estimate of $0.36 by ($3.12). The firm had revenue of ($379.97) million for the quarter, compared to analysts’ expectations of $3.72 million.

Fairfax India Company Profile

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.