Kandal M Venture Limited (NASDAQ:FMFC) Sees Large Drop in Short Interest

Kandal M Venture Limited (NASDAQ:FMFCGet Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 48,856 shares, a drop 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 daily trading volume, of 16,173,941 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

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

View Our Latest Analysis on FMFC

Institutional Trading of Kandal M Venture

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in shares of Kandal M Venture in the 3rd quarter worth about $905,000. BNP Paribas Financial Markets bought a new stake in shares of Kandal M Venture during the 3rd quarter valued at about $454,000. Finally, Millennium Management LLC bought a new stake in shares of Kandal M Venture during the 3rd quarter valued at about $250,000.

Kandal M Venture Trading Up 1.9%

Shares of FMFC traded up $0.00 during trading hours on Friday, hitting $0.24. 338,191 shares of the stock were exchanged, compared to its average volume of 11,535,675. Kandal M Venture has a fifty-two week low of $0.20 and a fifty-two week high of $15.75. The business has a 50-day moving average of $0.29 and a 200-day moving average of $0.36.

About Kandal M Venture

(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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