AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) Sees Significant Increase in Short Interest

AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 11,319 shares, a growth of 119.2% from the August 31st total of 5,163 shares. Based on an average daily volume of 60,355 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AIFU. Weiss Ratings raised AIFU from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 17th. Wall Street Zen raised shares of AIFU to a “sell” rating in a research note on Saturday, August 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, AIFU currently has an average rating of “Sell”.

AIFU Trading Up 19.3%

NASDAQ AIFU traded up $1.70 during trading hours on Tuesday, hitting $10.51. The company’s stock had a trading volume of 16,352 shares, compared to its average volume of 13,162. The company has a market capitalization of $64.93 million, a PE ratio of 0.05 and a beta of 0.95. AIFU has a 52 week low of $8.17 and a 52 week high of $117.40. The company’s 50-day simple moving average is $23.14 and its two-hundred day simple moving average is $32.37.

AIFU Company Profile

AIFU Inc is a China-based financial services company that operates primarily through insurance distribution and related financial services. The company provides insurance products and services to individuals and businesses through its sales and service network, with offerings generally spanning life, health, property and casualty, and other insurance categories.

The company was formerly known as Fanhua Inc and has a history in China’s insurance intermediary industry dating back to the late 1990s.