Short Interest in Kandal M Venture Limited (NASDAQ:FMFC) Drops By 58.6%

Kandal M Venture Limited (NASDAQ:FMFCGet Free Report) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 48,856 shares, a decline of 58.6% from the July 15th total of 118,148 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 16,173,941 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Kandal M Venture from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Kandal M Venture has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on Kandal M Venture

Kandal M Venture Stock Performance

NASDAQ FMFC traded up $0.00 during mid-day trading on Friday, hitting $0.24. The company’s stock had a trading volume of 338,191 shares, compared to its average volume of 11,535,675. Kandal M Venture has a twelve month low of $0.20 and a twelve month high of $15.75. The company’s 50 day simple moving average is $0.29 and its 200 day simple moving average is $0.36.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Millennium Management LLC bought a new stake in Kandal M Venture during the third quarter worth $250,000. BNP Paribas Financial Markets purchased a new stake in Kandal M Venture during the third quarter worth about $454,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Kandal M Venture in the 3rd quarter worth approximately $905,000.

Kandal M Venture Company Profile

(Get Free Report)

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.

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