Fairfax India Holdings Co. (OTCMKTS:FFXDF) Sees Large Decrease in Short Interest

Fairfax India Holdings Co. (OTCMKTS:FFXDF) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 10,000 shares, a drop of 70.8% from the January 15th total of 34,300 shares. Based on an average daily volume of 78,900 shares, the days-to-cover ratio is presently 0.1 days.

Fairfax India Trading Down 2.1 %

FFXDF stock traded down $0.42 during trading on Wednesday, reaching $19.39. 35,764 shares of the stock were exchanged, compared to its average volume of 37,911. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average price of $16.57 and a 200-day moving average price of $15.48. Fairfax India has a 1 year low of $13.55 and a 1 year high of $20.30. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 20.20 and a beta of 1.14.

About Fairfax India

Fairfax India Holdings Corporation operates as an investment holding company in India. It invests in public and private equity securities and debt instruments in India and Indian businesses, or other businesses with customers, suppliers, or business primarily conducted and dependent in India. The company was incorporated in 2014 and is headquartered in Toronto, Canada.