Kandal M Venture Limited (NASDAQ:FMFC) Short Interest Up 686.9% in August

Kandal M Venture Limited (NASDAQ:FMFCGet 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”.

View Our Latest Research Report on FMFC

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

(Get Free Report)

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.

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