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

Mahindra & Mahindra Limited (OTCMKTS:MAHMF) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 162,623 shares, an increase of 235.7% from the May 14th total of 48,445 shares. Based on an average daily volume of 1,350 shares, the short-interest ratio is presently 120.5 days.

Mahindra & Mahindra Stock Up 0.5%

OTCMKTS:MAHMF traded up $0.15 during trading hours on Friday, hitting $31.40. 653 shares of the company were exchanged, compared to its average volume of 843. Mahindra & Mahindra has a one year low of $30.10 and a one year high of $44.00. The company has a fifty day simple moving average of $33.91 and a 200 day simple moving average of $37.30.

About Mahindra & Mahindra

Mahindra & Mahindra Limited is a diversified Indian multinational corporation headquartered in Mumbai. Founded in 1945 by J.C. Mahindra, K.C. Mahindra and Malik Ghulam Muhammad, the company began as a steel trading enterprise before venturing into vehicle manufacturing in the 1960s. Over the decades, it has grown into one of India’s leading industrial houses, with a presence across several sectors including automotive, farm equipment, financial services and information technology.

In the automotive segment, Mahindra & Mahindra designs and manufactures a range of utility vehicles, sports utility vehicles, pickups and commercial trucks under the “Mahindra” and “SsangYong” brands.