Mahindra & Mahindra Limited (OTCMKTS:MAHMF) Sees Large Decrease in Short Interest

Mahindra & Mahindra Limited (OTCMKTS:MAHMF) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 59,000 shares, a drop of 52.0% from the September 15th total of 123,000 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 590.0 days.

Mahindra & Mahindra Stock Performance

MAHMF remained flat at $28.02 during midday trading on Friday. The company’s fifty day simple moving average is $28.02 and its two-hundred day simple moving average is $28.09. Mahindra & Mahindra has a 12-month low of $17.11 and a 12-month high of $34.83.

About Mahindra & Mahindra

Mahindra & Mahindra Limited provides mobility products and farm solutions in India and internationally. The company operates through Automotive, Farm Equipment, Financial Services, Real Estate, Hospitality, and Others segments. It offers passenger and commercial vehicles, trucks, buses, vans, cars, utility vehicles, and electric vehicles; watercrafts; motorcycles, scooters, and mopeds; manufactures, assembles, and maintains various kinds of aircrafts and aircraft components, and aerostructures; offers construction equipment, such as backhoe loaders under the Mahindra EarthMaster brand; and road construction equipment comprising motor graders under the Mahindra RoadMaster brand.