Mahindra & Mahindra Limited (OTCMKTS:MAHMF) Short Interest Down 76.2% in June

Mahindra & Mahindra Limited (OTCMKTS:MAHMF) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 38,633 shares, a decrease of 76.2% from the May 31st total of 162,623 shares. Based on an average trading volume of 376 shares, the short-interest ratio is presently 102.7 days.

Mahindra & Mahindra Price Performance

OTCMKTS MAHMF opened at $33.00 on Friday. Mahindra & Mahindra has a 1-year low of $30.10 and a 1-year high of $44.00. The business has a 50 day moving average price of $33.46 and a 200 day moving average price of $36.49.

Mahindra & Mahindra Company Profile

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.