Short Interest in Mahindra & Mahindra Limited (OTCMKTS:MAHMF) Declines By 34.5%

Mahindra & Mahindra Limited (OTCMKTS:MAHMF) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 84,200 shares, a decline of 34.5% from the November 30th total of 128,500 shares. Based on an average daily trading volume, of 2,100 shares, the short-interest ratio is presently 40.1 days.

Mahindra & Mahindra Price Performance

Shares of Mahindra & Mahindra stock remained flat at $37.15 during trading hours on Monday. 12 shares of the stock were exchanged, compared to its average volume of 1,070. The business’s fifty day moving average is $35.05 and its 200 day moving average is $31.36. Mahindra & Mahindra has a one year low of $19.40 and a one year high of $38.90.

About Mahindra & Mahindra

Mahindra & Mahindra Limited provides mobility products and farm solutions in India and internationally. The company operates through Automotive, Farm Equipment, Financial Services, Real Estate, Hospitality, and Others segments. It offers passenger and commercial vehicles, trucks, buses, vans, cars, utility vehicles, and electric vehicles; watercrafts; motorcycles, scooters, and mopeds; manufactures, assembles, and maintains various kinds of aircrafts and aircraft components, and aerostructures; offers construction equipment, such as backhoe loaders under the Mahindra EarthMaster brand; and road construction equipment comprising motor graders under the Mahindra RoadMaster brand.