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

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 34,119 shares, a decrease of 53.4% from the June 30th total of 73,229 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 76,338 shares, the short-interest ratio is presently 0.4 days.

Fairfax India Price Performance

Fairfax India stock traded down $0.18 during mid-day trading on Wednesday, hitting $18.06. 435 shares of the company traded hands, compared to its average volume of 36,886. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04. Fairfax India has a one year low of $15.46 and a one year high of $20.49. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 9.76 and a beta of 0.85. The stock has a fifty day moving average price of $18.00 and a 200-day moving average price of $17.70.

Fairfax India (OTCMKTS:FFXDF) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($2.76) EPS for the quarter, missing analysts’ consensus estimates 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.