Fairfax India Holdings Co. (OTCMKTS:FFXDF) Sees Significant Growth in Short Interest

Fairfax India Holdings Co. (OTCMKTS:FFXDF) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 27,700 shares, an increase of 34.5% from the February 28th total of 20,600 shares. Based on an average trading volume of 65,000 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

Fairfax India Stock Up 1.0 %

Shares of FFXDF traded up $0.17 during trading hours on Wednesday, reaching $16.90. The company’s stock had a trading volume of 16,461 shares, compared to its average volume of 43,786. The company has a 50 day moving average of $17.93 and a two-hundred day moving average of $16.32. Fairfax India has a 1-year low of $13.55 and a 1-year high of $20.30. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of -54.51 and a beta of 1.14. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.16.

Fairfax India (OTCMKTS:FFXDF) last posted its earnings results on Thursday, February 13th. The company reported ($0.27) EPS for the quarter.

Fairfax India Company Profile

Fairfax India Holdings Corporation operates as an investment holding company in India. It invests in public and private equity securities and debt instruments in India and Indian businesses, or other businesses with customers, suppliers, or business primarily conducted and dependent in India. The company was incorporated in 2014 and is headquartered in Toronto, Canada.