Fairfax India Holdings Corporation (OTCMKTS:FFXDF) Short Interest Update

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 34,119 shares, a decline of 53.4% from the June 30th total of 73,229 shares. Based on an average daily trading volume, of 76,338 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

Fairfax India Stock Down 0.4%

Shares of Fairfax India stock opened at $18.17 on Thursday. Fairfax India has a 52-week low of $15.46 and a 52-week high of $20.49. The company has a 50 day moving average of $18.02 and a 200 day moving average of $17.70. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.45 billion, a P/E ratio of 9.82 and a beta of 0.85.

Fairfax India (OTCMKTS:FFXDF) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($2.76) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($3.12). The business had revenue of ($379.97) million for the quarter, compared to the consensus estimate of $3.72 million.

About Fairfax India

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.