Mahindra & Mahindra Limited (OTCMKTS:MAHMF) Short Interest Update
by Scott Moore · The Cerbat GemMahindra & Mahindra Limited (OTCMKTS:MAHMF – Get Free Report) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 38,633 shares, a decline of 76.2% from the May 31st total of 162,623 shares. Based on an average trading volume of 376 shares, the days-to-cover ratio is presently 102.7 days.
Mahindra & Mahindra Stock Performance
Shares of OTCMKTS MAHMF remained flat at $33.00 during midday trading on Friday. The stock had a trading volume of 4 shares, compared to its average volume of 807. Mahindra & Mahindra has a 52-week low of $30.10 and a 52-week high of $44.00. The stock has a 50 day moving average of $33.46 and a 200 day moving average of $36.49.
About Mahindra & Mahindra
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.