Kandal M Venture Limited (NASDAQ:FMFC) Short Interest Up 686.9% in August

Kandal M Venture Limited (NASDAQ:FMFCGet Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 384,471 shares, an increase of 686.9% from the July 30th total of 48,856 shares. Based on an average daily trading volume, of 3,674,759 shares, the short-interest ratio is currently 0.1 days. Currently, 2.5% of the shares of the stock are short sold.

Kandal M Venture Trading Up 4.9%

Shares of NASDAQ:FMFC opened at $0.24 on Wednesday. Kandal M Venture has a 52-week low of $0.20 and a 52-week high of $15.75. The company has a fifty day moving average of $0.26 and a 200-day moving average of $0.36.

Hedge Funds Weigh In On Kandal M Venture

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in shares of Kandal M Venture in the 3rd quarter worth $905,000. BNP Paribas Financial Markets bought a new position in Kandal M Venture in the third quarter valued at $454,000. Finally, Millennium Management LLC purchased a new position in Kandal M Venture in the 3rd quarter worth $250,000.

Analyst Ratings Changes

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

Get Our Latest Stock Report on FMFC

Kandal M Venture Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Kandal M Venture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kandal M Venture and related companies with MarketBeat.com's FREE daily email newsletter.