Mahindra & Mahindra Limited (OTCMKTS:MAHMF – Get Free Report) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 38,633 shares, a drop of 76.2% from the May 31st total of 162,623 shares. Based on an average daily volume of 376 shares, the short-interest ratio is presently 102.7 days.
Mahindra & Mahindra Stock Performance
OTCMKTS:MAHMF remained flat at $33.00 during trading hours on Monday. The company’s stock had a trading volume of 4 shares, compared to its average volume of 807. The company’s fifty day moving average is $33.46 and its 200 day moving average is $36.45. Mahindra & Mahindra has a 12-month low of $30.10 and a 12-month 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.
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