Fairfax India Holdings Corporation (OTCMKTS:FFXDF) Shares Shorted: Short Interest Down 47.3% in October

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 18,521 shares, a drop of 47.3% from the September 30th total of 35,139 shares. Based on an average daily volume of 45,519 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Fairfax India Price Performance

Shares of FFXDF stock traded down $0.05 during midday trading on Friday, reaching $17.93. 8,380 shares of the company were exchanged, compared to its average volume of 35,679. Fairfax India has a 12 month low of $15.46 and a 12 month high of $20.49. The company has a market cap of $2.42 billion, a P/E ratio of 12.03 and a beta of 0.83. The company’s 50 day moving average price is $17.98 and its two-hundred day moving average price is $17.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.14 and a current ratio of 0.14.

Fairfax India (OTCMKTS:FFXDF) last announced its earnings results on Thursday, July 30th. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $0.36 by $1.34. The firm had revenue of ($111.49) million for the quarter, compared to the consensus estimate of $3.72 million.

Fairfax India Company Profile

Fairfax India Holdings Corporation is an investment holding company focused on acquiring and managing long-term investments in India and India-related businesses. The company seeks opportunities across a range of sectors, including financial services, infrastructure, industrial operations, consumer products and other businesses that may benefit from India’s economic development.

Fairfax India has invested in both publicly traded and private companies, with its portfolio historically including interests in businesses such as Bangalore International Airport Limited and other Indian financial, industrial and infrastructure enterprises.