Short Interest in Kandal M Venture Limited (NASDAQ:FMFC) Rises By 10,267.8%

Kandal M Venture Limited (NASDAQ:FMFC) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 527,618 shares, an increase of 10,267.8% from the June 15th total of 5,089 shares. Approximately 4.1% of the company’s stock are sold short. Based on an average daily trading volume, of 13,989,128 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Kandal M Venture

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

Analyst Ratings Changes

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

Kandal M Venture Stock Up 2.6%

Shares of Kandal M Venture stock traded up $0.01 during trading on Friday, hitting $0.28. 81,134 shares of the stock traded hands, compared to its average volume of 1,877,375. Kandal M Venture has a twelve month low of $0.23 and a twelve month high of $15.75. The company has a fifty day moving average price of $0.34 and a two-hundred day moving average price of $0.37.

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.