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

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

Fairfax India Price Performance

Shares of OTCMKTS FFXDF opened at $17.93 on Friday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.15. Fairfax India has a fifty-two week low of $15.46 and a fifty-two week high of $20.49. The business has a 50 day moving average price of $17.89 and a two-hundred day moving average price of $17.66. The firm has a market cap of $2.42 billion, a PE ratio of 9.69 and a beta of 0.85.

Fairfax India (OTCMKTS:FFXDF) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($2.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($3.12). The business had revenue of ($379.97) million during 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.