Kandal M Venture Limited (NASDAQ:FMFC) Short Interest Down 97.3% in June

Kandal M Venture Limited (NASDAQ:FMFC) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 5,089 shares, a drop of 97.3% from the May 31st total of 190,417 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 271,998 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Kandal M Venture in a report on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Kandal M Venture presently has an average rating of “Sell”.

Kandal M Venture Stock Performance

NASDAQ:FMFC traded down $0.05 during trading hours on Thursday, hitting $0.27. 11,024,992 shares of the company traded hands, compared to its average volume of 6,477,678. Kandal M Venture has a one year low of $0.23 and a one year high of $15.75. The firm’s 50-day simple moving average is $0.37 and its 200-day simple moving average is $0.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.46 and a quick ratio of 3.50.

Kandal M Venture (NASDAQ:FMFC) last issued its quarterly earnings results on Monday, March 23rd. The bank reported $0.00 earnings per share for the quarter. The company had revenue of $3.95 million during the quarter.

Hedge Funds Weigh In On Kandal M Venture

Large investors have recently modified their holdings of the company. Millennium Management LLC purchased a new stake in Kandal M Venture in the third quarter valued at approximately $250,000. BNP Paribas Financial Markets bought a new position in shares of Kandal M Venture in the 3rd quarter worth $454,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Kandal M Venture during the 3rd quarter valued at $905,000.

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.