Kandal M Venture Limited (NASDAQ:FMFC) Short Interest Up 25.3% in March

Kandal M Venture Limited (NASDAQ:FMFC) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 247,505 shares, a growth of 25.3% from the March 15th total of 197,579 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average daily volume of 636,329 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Kandal M Venture

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in shares of Kandal M Venture during the 3rd quarter valued at about $905,000. BNP Paribas Financial Markets purchased a new position in shares of Kandal M Venture during the 3rd quarter valued at about $454,000. Finally, Millennium Management LLC purchased a new position in shares of Kandal M Venture during the 3rd quarter valued at about $250,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Kandal M Venture in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Kandal M Venture Stock Down 8.7%

FMFC stock traded down $0.04 during midday trading on Friday, reaching $0.42. The stock had a trading volume of 275,745 shares, compared to its average volume of 389,285. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.50 and a current ratio of 4.46. The firm has a fifty day simple moving average of $0.42 and a two-hundred day simple moving average of $2.05. Kandal M Venture has a 52-week low of $0.25 and a 52-week high of $15.75.

Kandal M Venture (NASDAQ:FMFC) last issued its earnings results on Monday, March 23rd. The bank reported $0.00 earnings per share (EPS) for the quarter. The firm had revenue of $3.95 million during the quarter.

Kandal M Venture Company Profile

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.