Mahindra & Mahindra Limited (OTCMKTS:MAHMF) Short Interest Update

Mahindra & Mahindra Limited (OTCMKTS:MAHMF) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 84,200 shares, a drop of 34.5% from the November 30th total of 128,500 shares. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is presently 40.1 days.

Mahindra & Mahindra Stock Performance

Shares of Mahindra & Mahindra stock traded up $3.25 on Friday, reaching $37.15. 185 shares of the company were exchanged, compared to its average volume of 1,070. Mahindra & Mahindra has a 1-year low of $19.40 and a 1-year high of $38.90. The stock’s 50 day moving average price is $35.05 and its 200-day moving average price is $31.30.

About Mahindra & Mahindra

Mahindra & Mahindra Limited provides mobility products and farm solutions in India and internationally. The company operates through Automotive, Farm Equipment, Financial Services, Real Estate, Hospitality, and Others segments. It offers passenger and commercial vehicles, trucks, buses, vans, cars, utility vehicles, and electric vehicles; watercrafts; motorcycles, scooters, and mopeds; manufactures, assembles, and maintains various kinds of aircrafts and aircraft components, and aerostructures; offers construction equipment, such as backhoe loaders under the Mahindra EarthMaster brand; and road construction equipment comprising motor graders under the Mahindra RoadMaster brand.