Short Interest in Kandal M Venture Limited (NASDAQ:FMFC) Drops By 97.3%

Kandal M Venture Limited (NASDAQ:FMFC) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 5,089 shares, a decline of 97.3% from the May 31st total of 190,417 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 271,998 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Kandal M Venture in a research report on Friday, May 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of Kandal M Venture

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new stake in Kandal M Venture during the third quarter worth about $905,000. BNP Paribas Financial Markets bought a new position in shares of Kandal M Venture during the third quarter valued at approximately $454,000. Finally, Millennium Management LLC purchased a new position in shares of Kandal M Venture during the third quarter valued at approximately $250,000.

Kandal M Venture Price Performance

NASDAQ:FMFC traded down $0.05 during mid-day trading on Thursday, reaching $0.27. 11,024,992 shares of the company’s stock traded hands, compared to its average volume of 6,477,678. The company has a 50 day moving average price of $0.37 and a 200-day moving average price of $0.38. The company has a quick ratio of 3.50, a current ratio of 4.46 and a debt-to-equity ratio of 0.01. Kandal M Venture has a 12-month low of $0.23 and a 12-month high of $15.75.

Kandal M Venture (NASDAQ:FMFC) last posted its earnings results on Monday, March 23rd. The bank reported $0.00 EPS for the quarter. The company had revenue of $3.95 million during the quarter.

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.