Fairfax India Holdings Corporation (OTCMKTS:FFXDF) Short Interest Up 85.9% in June

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 73,229 shares, a growth of 85.9% from the June 15th total of 39,399 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 121,684 shares, the short-interest ratio is currently 0.6 days.

Fairfax India Stock Down 1.2%

OTCMKTS FFXDF opened at $18.17 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market capitalization of $2.45 billion, a P/E ratio of 9.82 and a beta of 0.85. Fairfax India has a one year low of $15.46 and a one year high of $20.49. The stock has a 50 day moving average price of $17.89 and a 200-day moving average price of $17.65.

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 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.