Fairfax India Holdings Corporation (OTCMKTS:FFXDF) Sees Significant Drop in Short Interest

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

Fairfax India Stock Down 0.1%

Shares of OTCMKTS:FFXDF traded down $0.01 during midday trading on Tuesday, hitting $18.24. 2,801 shares of the company’s stock were exchanged, compared to its average volume of 37,136. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.04. 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 $2.46 billion, a PE ratio of 9.86 and a beta of 0.85. The stock has a 50 day moving average price of $17.98 and a 200-day moving average price of $17.69.

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

Fairfax India Company Profile

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.