Kandal M Venture Limited (NASDAQ:FMFC) Short Interest Up 686.9% in August

Kandal M Venture Limited (NASDAQ:FMFC) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 384,471 shares, an increase of 686.9% from the July 30th total of 48,856 shares. Approximately 2.5% of the company’s shares are sold short. Based on an average daily trading volume, of 3,674,759 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Kandal M Venture from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Kandal M Venture Trading Down 1.0%

NASDAQ FMFC traded down $0.00 during trading on Thursday, reaching $0.24. 30,031 shares of the company’s stock were exchanged, compared to its average volume of 2,915,463. Kandal M Venture has a fifty-two week low of $0.20 and a fifty-two week high of $15.75. The company’s fifty day simple moving average is $0.26 and its 200-day simple moving average is $0.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new stake in Kandal M Venture in the 3rd quarter worth approximately $905,000. BNP Paribas Financial Markets purchased a new position in shares of Kandal M Venture during the 3rd quarter valued at $454,000. Finally, Millennium Management LLC purchased a new position in shares of Kandal M Venture during the 3rd quarter valued at $250,000.

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.