Kandal M Venture Limited (NASDAQ:FMFC – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 384,471 shares, a growth of 686.9% from the July 30th total of 48,856 shares. Currently, 2.5% of the company’s stock are sold short. Based on an average daily trading volume, of 3,674,759 shares, the days-to-cover ratio is currently 0.1 days.
Kandal M Venture Trading Up 4.9%
Shares of NASDAQ FMFC opened at $0.24 on Wednesday. Kandal M Venture has a fifty-two week low of $0.20 and a fifty-two week high of $15.75. The business’s 50 day moving average price is $0.26 and its 200-day moving average price is $0.36.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded Kandal M Venture from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Kandal M Venture has a consensus rating of “Sell”.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in shares of Kandal M Venture during the third quarter worth about $905,000. BNP Paribas Financial Markets purchased a new stake in shares of Kandal M Venture in the third quarter valued at about $454,000. Finally, Millennium Management LLC acquired a new stake in Kandal M Venture during the third quarter worth about $250,000.
About Kandal M Venture
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
- Five stocks we like better than Kandal M Venture
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
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.
