Fairfax India Holdings Corporation (OTCMKTS:FFXDF) Sees Large Growth in Short Interest

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 65,299 shares, an increase of 84.3% from the February 26th total of 35,426 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 80,854 shares, the days-to-cover ratio is currently 0.8 days.

Fairfax India Trading Up 0.1%

FFXDF traded up $0.02 during trading on Friday, reaching $16.25. 23,992 shares of the company’s stock were exchanged, compared to its average volume of 47,121. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15. Fairfax India has a one year low of $14.55 and a one year high of $20.49. The firm has a fifty day moving average price of $17.55 and a two-hundred day moving average price of $17.23. The stock has a market capitalization of $2.19 billion, a PE ratio of 5.35 and a beta of 0.80.

Fairfax India (OTCMKTS:FFXDF) last released its quarterly earnings results on Thursday, February 19th. The company reported $2.53 earnings per share (EPS) for the quarter.

Fairfax India Company Profile

Fairfax India (OTCMKTS:FFXDF) is a Bermuda‐incorporated, Toronto‐based investment holding company that focuses on equity and debt opportunities within India’s rapidly evolving economy. Publicly traded on the OTC market under the symbol FFXDF, the firm seeks to deliver long‐term capital appreciation through a diversified portfolio of Indian financial services, consumer products, healthcare, and industrial enterprises.

The company’s primary activities include making direct equity investments in publicly listed Indian companies as well as participating in private placements and structured debt instruments.