Kandal M Venture Limited (NASDAQ:FMFC) Short Interest Down 14.1% in April

Kandal M Venture Limited (NASDAQ:FMFC) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totaling 212,578 shares, a drop of 14.1% from the March 31st total of 247,505 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average trading volume of 377,535 shares, the days-to-cover ratio is presently 0.6 days.

Kandal M Venture Stock Performance

Shares of NASDAQ FMFC traded up $0.02 during midday trading on Friday, hitting $0.39. The stock had a trading volume of 197,889 shares, compared to its average volume of 1,180,167. The stock has a 50 day simple moving average of $0.43 and a 200-day simple moving average of $1.17. Kandal M Venture has a 1 year low of $0.25 and a 1 year high of $15.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.50 and a current ratio of 4.46.

Kandal M Venture (NASDAQ:FMFC) last released its earnings results on Monday, March 23rd. The bank reported $0.00 earnings per share for the quarter. The firm had revenue of $3.95 million during the quarter.

Hedge Funds Weigh In On Kandal M Venture

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new position in shares of Kandal M Venture in the third quarter valued at approximately $905,000. Millennium Management LLC purchased a new position in Kandal M Venture in the 3rd quarter worth approximately $250,000. Finally, BNP Paribas Financial Markets purchased a new position in Kandal M Venture in the 3rd quarter worth approximately $454,000.

Kandal M Venture Company Profile

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.