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

Fairfax India Holdings Co. (OTCMKTS:FFXDF) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 27,300 shares, an increase of 139.5% from the December 31st total of 11,400 shares. Based on an average daily trading volume, of 37,100 shares, the days-to-cover ratio is currently 0.7 days.

Fairfax India Stock Performance

Shares of FFXDF traded up $0.33 during mid-day trading on Wednesday, hitting $17.70. The stock had a trading volume of 40,327 shares, compared to its average volume of 22,429. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.58. Fairfax India has a 52 week low of $13.55 and a 52 week high of $18.20. The firm has a market cap of $2.39 billion, a P/E ratio of 18.44 and a beta of 1.14. The business has a fifty day moving average price of $15.95 and a 200-day moving average price of $15.19.

Fairfax India (OTCMKTS:FFXDF) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.25 earnings per share (EPS) for the quarter.

About Fairfax India

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.