Kandal M Venture Limited (NASDAQ:FMFC) Short Interest Up 10,267.8% in June

Kandal M Venture Limited (NASDAQ:FMFC) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 527,618 shares, an increase of 10,267.8% from the June 15th total of 5,089 shares. Currently, 4.1% of the company’s stock are short sold. Based on an average trading volume of 13,989,128 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

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

Kandal M Venture Price Performance

Shares of NASDAQ FMFC traded up $0.01 during trading hours on Friday, hitting $0.28. 81,134 shares of the stock were exchanged, compared to its average volume of 1,877,375. The company’s 50 day moving average is $0.34 and its 200 day moving average is $0.37. Kandal M Venture has a one year low of $0.23 and a one year high of $15.75.

Institutional Investors Weigh In On Kandal M Venture

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in Kandal M Venture during the third quarter valued at about $905,000. BNP Paribas Financial Markets bought a new position in shares of Kandal M Venture in the third quarter worth about $454,000. Finally, Millennium Management LLC acquired a new position in shares of Kandal M Venture during the 3rd quarter worth about $250,000.

About Kandal M Venture

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.