Fanhua Inc. (NASDAQ:FANH – Get Free Report) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 264,300 shares, a decrease of 5.2% from the September 15th total of 278,900 shares. Based on an average daily volume of 370,700 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.6% of the company’s stock are sold short.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Fanhua stock. Dimensional Fund Advisors LP raised its holdings in shares of Fanhua Inc. (NASDAQ:FANH – Free Report) by 11.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 466,320 shares of the financial services provider’s stock after acquiring an additional 48,383 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.82% of Fanhua worth $930,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 26.72% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Fanhua from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st.
Fanhua Price Performance
Shares of NASDAQ FANH opened at $1.59 on Thursday. The stock’s 50-day moving average is $1.38 and its two-hundred day moving average is $2.31. The company has a market cap of $90.16 million, a price-to-earnings ratio of 2.18 and a beta of -0.06. Fanhua has a 1-year low of $1.04 and a 1-year high of $7.48.
Fanhua Company Profile
Fanhua Inc, together with its subsidiary, distributes insurance products in China. It operates through two segments, Insurance Agency and Claims Adjusting. The Insurance Agency segment provides property and casualty insurance products that primarily include individual accident, travel, homeowner, and indemnity medical insurance products; and life insurance products, such as individual health, individual whole life, individual term life, individual endowment life, and individual annuity, as well as participating insurance products.
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