A Reversal for BMB MUNAI INCORPORATED (OTCMKTS:BMBM) Is Not Near. The Stock Has Rise in Shorts

September 17, 2017 - By Adrian Mccoy

The stock of BMB MUNAI INCORPORATED (OTCMKTS:BMBM) registered an increase of 33.33% in short interest. BMBM’s total short interest was 6,800 shares in September as published by FINRA. Its up 33.33% from 5,100 shares, reported previously.

It closed at $0.091 lastly. It is down 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Freedom Holding Corp., formerly BMB Munai, Inc., owns FFIN Securities, Inc. , which is its subsidiary. The company has market cap of $44.59 million. FFIN is assessing whether to resubmit the necessary applications to pursue licensure to conduct business as the United States securities broker-dealer. It currently has negative earnings. The Acquisition Agreement also provides for the Company to acquire securities brokerage and financial services businesses in Russia, Kazakhstan, and Cyprus to build an international brokerage and financial service firm.

More notable recent Freedom Holding Corp (OTCMKTS:BMBM) news were published by: Fool.com which released: “Why VirnetX Holding Corporation Stock Plunged Today” on July 17, 2017, also Fool.com with their article: “Why Sears Holding Corp. Stock Climbed Today” published on June 30, 2017, Fool.com published: “Why Sears Holding Corp. Stock Popped Today” on July 17, 2017. More interesting news about Freedom Holding Corp (OTCMKTS:BMBM) were released by: Fool.com and their article: “AK Steel Holding Corporation Stock Up 12% After Earnings: Here’s the Most …” published on July 25, 2017 as well as Fool.com‘s news article titled: “Why Sears Holding Corp Stock Was Falling Today” with publication date: July 21, 2017.

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