Fanhua Inc. (NASDAQ:FANH) Short Interest Update

Fanhua Inc. (NASDAQ:FANH) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 79,400 shares, a growth of 178.6% from the May 31st total of 28,500 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 68,400 shares, the short-interest ratio is currently 1.2 days.

Fanhua Trading Down 5.9 %

Shares of NASDAQ FANH traded down $0.13 during trading hours on Thursday, reaching $2.08. The stock had a trading volume of 146,560 shares, compared to its average volume of 46,962. The business’s fifty day moving average price is $3.14 and its two-hundred day moving average price is $4.65. The firm has a market cap of $117.96 million, a price-to-earnings ratio of 2.85 and a beta of 0.08. Fanhua has a 52-week low of $2.04 and a 52-week high of $8.58.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Fanhua in a report on Friday, May 17th. They issued a “hold” rating for the company.

About Fanhua

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.