Fanhua Inc. (NASDAQ:FANH) Sees Large Increase in Short Interest

Fanhua Inc. (NASDAQ:FANH) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 299,700 shares, an increase of 277.5% from the June 15th total of 79,400 shares. Based on an average trading volume of 143,000 shares, the short-interest ratio is currently 2.1 days. Currently, 0.7% of the shares of the stock are sold short.

Fanhua Stock Down 4.1 %

NASDAQ:FANH traded down $0.06 during mid-day trading on Friday, reaching $1.40. 448,458 shares of the company were exchanged, compared to its average volume of 88,203. The stock has a market cap of $79.39 million, a PE ratio of 2.00 and a beta of -0.03. Fanhua has a 12 month low of $1.39 and a 12 month high of $7.77. The company has a fifty day moving average of $2.79 and a 200 day moving average of $4.32.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Fanhua in a research 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.