Fairfax India Holdings Corporation (OTCMKTS:FFXDF) Short Interest Update

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

Fairfax India Stock Down 0.1%

FFXDF stock traded down $0.01 during trading on Tuesday, reaching $18.24. The stock had a trading volume of 2,801 shares, compared to its average volume of 37,136. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 9.86 and a beta of 0.85. Fairfax India has a one year low of $15.46 and a one year high of $20.49. The company’s 50 day moving average is $17.98 and its two-hundred day moving average is $17.69.

Fairfax India (OTCMKTS:FFXDF) last posted its earnings results on Thursday, April 30th. The company reported ($2.76) EPS for the quarter, missing the consensus estimate of $0.36 by ($3.12). The business had revenue of ($379.97) million for the quarter, compared to analysts’ expectations of $3.72 million.

About Fairfax India

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.