Short Interest in Kandal M Venture Limited (NASDAQ:FMFC) Decreases By 97.3%

Kandal M Venture Limited (NASDAQ:FMFC) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 5,089 shares, a decline of 97.3% from the May 31st total of 190,417 shares. Based on an average daily volume of 271,998 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Kandal M Venture

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in Kandal M Venture during the third quarter worth $905,000. Millennium Management LLC acquired a new stake in shares of Kandal M Venture in the third quarter worth about $250,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Kandal M Venture in the third quarter worth about $454,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Kandal M Venture in a research report on Friday, May 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Kandal M Venture Price Performance

Shares of NASDAQ:FMFC traded up $0.02 during midday trading on Friday, hitting $0.29. 1,224,023 shares of the stock were exchanged, compared to its average volume of 7,052,586. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.46 and a quick ratio of 3.50. Kandal M Venture has a 52-week low of $0.23 and a 52-week high of $15.75. The business’s fifty day simple moving average is $0.37 and its two-hundred day simple moving average is $0.38.

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

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.