Kandal M Venture Limited (NASDAQ:FMFC) Short Interest Update

Kandal M Venture Limited (NASDAQ:FMFC) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 118,148 shares, a decline of 77.6% from the June 30th total of 527,618 shares. Based on an average trading volume of 152,967 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.9% of the shares of the company are sold short.

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 analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Kandal M Venture Price Performance

Shares of NASDAQ:FMFC traded down $0.02 during trading on Monday, reaching $0.23. 220,746 shares of the company’s stock traded hands, compared to its average volume of 1,739,224. Kandal M Venture has a 12 month low of $0.23 and a 12 month high of $15.75. The company has a 50 day moving average of $0.31 and a 200-day moving average of $0.37.

Hedge Funds Weigh In On Kandal M Venture

Institutional investors have recently made changes to their positions in the stock. Millennium Management LLC bought a new stake in shares of Kandal M Venture in the 3rd quarter worth approximately $250,000. BNP Paribas Financial Markets bought a new position in Kandal M Venture during the 3rd quarter worth $454,000. Finally, JPMorgan Chase & Co. bought a new position in Kandal M Venture during the 3rd quarter worth $905,000.

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.