Short Interest in Fairfax India Holdings Corporation (OTCMKTS:FFXDF) Increases By 105.3%

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 49,342 shares, an increase of 105.3% from the July 30th total of 24,029 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 61,421 shares, the short-interest ratio is presently 0.8 days.

Fairfax India Price Performance

Shares of FFXDF stock opened at $18.84 on Friday. The stock’s 50-day moving average is $18.51 and its 200 day moving average is $17.88. Fairfax India has a 1-year low of $15.46 and a 1-year high of $20.49. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.04. The company has a market cap of $2.54 billion, a P/E ratio of 12.64 and a beta of 0.85.

Fairfax India (OTCMKTS:FFXDF) last announced its earnings results on Thursday, July 30th. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $1.34. The firm had revenue of ($111.49) million during the quarter, compared to the consensus estimate of $3.72 million.

About Fairfax India

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.