Short Interest in Kandal M Venture Limited (NASDAQ:FMFC) Declines By 58.6%

Kandal M Venture Limited (NASDAQ:FMFC) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 48,856 shares, a decline of 58.6% from the July 15th total of 118,148 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 16,173,941 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Kandal M Venture

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in Kandal M Venture in the 3rd quarter valued at approximately $905,000. BNP Paribas Financial Markets bought a new stake in shares of Kandal M Venture in the third quarter valued at approximately $454,000. Finally, Millennium Management LLC bought a new stake in shares of Kandal M Venture in the third quarter valued at approximately $250,000.

Kandal M Venture Stock Performance

FMFC traded down $0.00 during trading on Monday, hitting $0.24. The stock had a trading volume of 142,755 shares, compared to its average volume of 3,049,397. Kandal M Venture has a 12 month low of $0.20 and a 12 month high of $15.75. The company has a 50 day simple moving average of $0.29 and a 200-day simple moving average of $0.36.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Kandal M Venture from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Kandal M Venture currently has an average rating of “Sell”.

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.