Mahindra & Mahindra Limited (OTCMKTS:MAHMF) Short Interest Update

Mahindra & Mahindra Limited (OTCMKTS:MAHMF) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 162,623 shares, an increase of 235.7% from the May 14th total of 48,445 shares. Based on an average daily trading volume, of 1,350 shares, the days-to-cover ratio is currently 120.5 days.

Mahindra & Mahindra Stock Performance

MAHMF remained flat at $31.25 during mid-day trading on Thursday. 74 shares of the company’s stock were exchanged, compared to its average volume of 854. The stock’s 50-day moving average is $33.91 and its two-hundred day moving average is $37.30. Mahindra & Mahindra has a 1-year low of $30.10 and a 1-year high of $44.00.

Mahindra & Mahindra Company Profile

Mahindra & Mahindra Limited is a diversified Indian multinational corporation headquartered in Mumbai. Founded in 1945 by J.C. Mahindra, K.C. Mahindra and Malik Ghulam Muhammad, the company began as a steel trading enterprise before venturing into vehicle manufacturing in the 1960s. Over the decades, it has grown into one of India’s leading industrial houses, with a presence across several sectors including automotive, farm equipment, financial services and information technology.

In the automotive segment, Mahindra & Mahindra designs and manufactures a range of utility vehicles, sports utility vehicles, pickups and commercial trucks under the “Mahindra” and “SsangYong” brands.