Mahindra & Mahindra Limited (OTCMKTS:MAHMF) Short Interest Update

Mahindra & Mahindra Limited (OTCMKTS:MAHMF) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 162,623 shares, a growth of 235.7% from the May 14th total of 48,445 shares. Based on an average daily trading volume, of 1,350 shares, the short-interest ratio is currently 120.5 days.

Mahindra & Mahindra Price Performance

Shares of Mahindra & Mahindra stock traded up $0.15 during trading on Friday, reaching $31.40. 653 shares of the company’s stock were exchanged, compared to its average volume of 843. Mahindra & Mahindra has a 1-year low of $30.10 and a 1-year high of $44.00. The firm’s 50-day moving average price is $33.86 and its 200 day moving average price is $37.26.

Mahindra & Mahindra Company Profile

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.