Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Sees Large Decrease in Short Interest

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 46,200 shares, a decrease of 40.1% from the March 15th total of 77,100 shares. Based on an average daily trading volume, of 4,500 shares, the days-to-cover ratio is presently 10.3 days. Approximately 0.2% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of research firms have recently weighed in on FRFHF. Raymond James upgraded Fairfax Financial to a “moderate buy” rating in a research report on Thursday, April 10th. National Bankshares reissued an “outperform” rating on shares of Fairfax Financial in a report on Monday, February 3rd.

Fairfax Financial Price Performance

OTCMKTS FRFHF traded up $7.20 on Thursday, hitting $1,486.70. 2,749 shares of the company’s stock were exchanged, compared to its average volume of 4,395. Fairfax Financial has a 52 week low of $1,027.00 and a 52 week high of $1,519.00. The stock has a 50-day moving average of $1,414.83 and a 200-day moving average of $1,373.47. The company has a current ratio of 3.65, a quick ratio of 2.45 and a debt-to-equity ratio of 0.43. The stock has a market cap of $33.88 billion, a price-to-earnings ratio of 9.23 and a beta of 0.58.

Fairfax Financial (OTCMKTS:FRFHF) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $50.42 earnings per share for the quarter, beating the consensus estimate of $43.72 by $6.70. The business had revenue of $7.74 billion for the quarter, compared to analyst estimates of $7.51 billion. Fairfax Financial had a return on equity of 14.43% and a net margin of 12.47%. Analysts expect that Fairfax Financial will post 166.85 earnings per share for the current year.

About Fairfax Financial

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.