Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) Sees Large Growth in Short Interest

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 105,828 shares, a growth of 130.3% from the July 30th total of 45,957 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average trading volume of 2,958,495 shares, the days-to-cover ratio is currently 0.0 days.

Huize Stock Down 2.3%

HUIZ traded down $0.04 during trading hours on Friday, hitting $1.67. 158,107 shares of the company’s stock were exchanged, compared to its average volume of 816,314. Huize has a 12-month low of $1.04 and a 12-month high of $4.53. The firm has a 50 day moving average of $1.29 and a 200 day moving average of $1.53. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.02. The firm has a market cap of $16.85 million, a P/E ratio of 55.67 and a beta of 0.91.

Huize (NASDAQ:HUIZ) last announced its earnings results on Saturday, August 15th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $52.98 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Huize stock. SmartHarvest Portfolios LLC purchased a new position in Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 11,993 shares of the company’s stock, valued at approximately $34,000. SmartHarvest Portfolios LLC owned approximately 0.12% of Huize as of its most recent filing with the Securities & Exchange Commission.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Huize from a “sell (d-)” rating to a “sell (d+)” rating in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

About Huize

Huize Holding Limited operates as a technology-driven online insurance distribution platform in China, offering a wide spectrum of personal insurance products including life, health, accident, property and casualty, and travel policies. Through its proprietary technology infrastructure, the company aggregates product information from insurance carriers, provides comparative quotes, and facilitates policy purchase and after-sales service. Huize’s platform integrates data analytics, automated underwriting tools and user-friendly interfaces to streamline insurance selection and enrollment processes for individual customers and small-to-medium enterprises.

Founded in 2012 and headquartered in Beijing, Huize serves clients across mainland China via a multi-channel distribution model.