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

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) was the target of a large increase in short interest during the month of 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. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 61,421 shares, the days-to-cover ratio is presently 0.8 days.

Fairfax India Trading Down 2.9%

Shares of OTCMKTS:FFXDF opened at $18.84 on Friday. Fairfax India has a 52-week low of $15.46 and a 52-week high of $20.49. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 12.64 and a beta of 0.85. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $18.51 and a 200-day moving average price of $17.88.

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

Fairfax India Company Profile

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.