Short Interest in Kandal M Venture Limited (NASDAQ:FMFC) Expands By 10,267.8%

Kandal M Venture Limited (NASDAQ:FMFC) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 527,618 shares, a growth of 10,267.8% from the June 15th total of 5,089 shares. Based on an average daily trading volume, of 13,989,128 shares, the short-interest ratio is presently 0.0 days. Approximately 4.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Kandal M Venture

A number of institutional investors have recently made changes to their positions in FMFC. BNP Paribas Financial Markets purchased a new stake in Kandal M Venture during the 3rd quarter worth about $454,000. JPMorgan Chase & Co. acquired a new position in Kandal M Venture in the 3rd quarter valued at about $905,000. Finally, Millennium Management LLC acquired a new position in Kandal M Venture in the 3rd quarter valued at about $250,000.

Kandal M Venture Price Performance

FMFC stock traded up $0.01 on Friday, reaching $0.28. The company had a trading volume of 81,134 shares, compared to its average volume of 7,064,788. Kandal M Venture has a 1 year low of $0.23 and a 1 year high of $15.75. The company’s fifty day moving average is $0.34 and its 200 day moving average is $0.37.

Analysts Set New Price Targets

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, the stock presently has a consensus rating of “Sell”.

Kandal M Venture Company Profile

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.