Fairfax India Holdings Corporation (OTCMKTS:FFXDF – Get Free Report) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 18,521 shares, a decline of 47.3% from the September 30th total of 35,139 shares. Based on an average daily volume of 45,519 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.
Fairfax India Price Performance
Shares of FFXDF stock traded down $0.05 during trading on Friday, hitting $17.93. The company had a trading volume of 8,380 shares, compared to its average volume of 35,679. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average is $17.98 and its two-hundred day moving average is $17.86. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 12.03 and a beta of 0.83. Fairfax India has a 52 week low of $15.46 and a 52 week high of $20.49.
Fairfax India (OTCMKTS:FFXDF – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $1.34. The company had revenue of ($111.49) million during the quarter, compared to analysts’ expectations of $3.72 million.
About Fairfax India
Fairfax India Holdings Corporation is an investment holding company focused on acquiring and managing long-term investments in India and India-related businesses. The company seeks opportunities across a range of sectors, including financial services, infrastructure, industrial operations, consumer products and other businesses that may benefit from India’s economic development.
Fairfax India has invested in both publicly traded and private companies, with its portfolio historically including interests in businesses such as Bangalore International Airport Limited and other Indian financial, industrial and infrastructure enterprises.
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