Fairfax India Holdings Co. (OTCMKTS:FFXDF) Sees Significant Increase in Short Interest

Fairfax India Holdings Co. (OTCMKTS:FFXDF) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 27,700 shares, a growth of 34.5% from the February 28th total of 20,600 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 65,000 shares, the days-to-cover ratio is currently 0.4 days.

Fairfax India Trading Up 1.0 %

Shares of FFXDF stock traded up $0.17 on Wednesday, reaching $16.90. 16,461 shares of the stock were exchanged, compared to its average volume of 43,786. The firm has a 50 day moving average of $17.93 and a two-hundred day moving average of $16.32. The stock has a market cap of $2.28 billion, a P/E ratio of -54.51 and a beta of 1.14. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. Fairfax India has a 1-year low of $13.55 and a 1-year high of $20.30.

Fairfax India (OTCMKTS:FFXDF) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.27) EPS for the quarter.

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.