Kandal M Venture Limited (NASDAQ:FMFC) Sees Significant Growth in Short Interest

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Kandal M Venture from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Kandal M Venture has an average rating of “Sell”.

Hedge Funds Weigh In On Kandal M Venture

Several hedge funds have recently made changes to their positions in FMFC. JPMorgan Chase & Co. acquired a new stake in Kandal M Venture during the 3rd quarter worth about $905,000. BNP Paribas Financial Markets acquired a new position in shares of Kandal M Venture in the third quarter valued at about $454,000. Finally, Millennium Management LLC acquired a new position in shares of Kandal M Venture in the third quarter valued at about $250,000.

Kandal M Venture Trading Up 2.6%

Kandal M Venture stock traded up $0.01 during mid-day trading on Friday, reaching $0.28. 81,134 shares of the company traded hands, compared to its average volume of 7,064,788. The firm’s fifty day moving average is $0.34 and its two-hundred day moving average is $0.37. Kandal M Venture has a fifty-two week low of $0.23 and a fifty-two week high of $15.75.

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.