Mahindra & Mahindra Limited (OTCMKTS:MAHMF) Sees Large Decline in Short Interest

Mahindra & Mahindra Limited (OTCMKTS:MAHMF) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 38,633 shares, a drop of 76.2% from the May 31st total of 162,623 shares. Based on an average daily volume of 376 shares, the short-interest ratio is currently 102.7 days.

Mahindra & Mahindra Stock Performance

Shares of Mahindra & Mahindra stock opened at $33.00 on Friday. Mahindra & Mahindra has a 1 year low of $30.10 and a 1 year high of $44.00. The business has a 50 day moving average price of $33.46 and a 200 day moving average price of $36.49.

About Mahindra & Mahindra

Mahindra & Mahindra Limited is a diversified Indian multinational corporation headquartered in Mumbai. Founded in 1945 by J.C. Mahindra, K.C. Mahindra and Malik Ghulam Muhammad, the company began as a steel trading enterprise before venturing into vehicle manufacturing in the 1960s. Over the decades, it has grown into one of India’s leading industrial houses, with a presence across several sectors including automotive, farm equipment, financial services and information technology.

In the automotive segment, Mahindra & Mahindra designs and manufactures a range of utility vehicles, sports utility vehicles, pickups and commercial trucks under the “Mahindra” and “SsangYong” brands.