Short Interest in Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Decreases By 10.4%

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) was the target of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 51,000 shares, a drop of 10.4% from the October 31st total of 56,900 shares. Based on an average daily volume of 6,300 shares, the short-interest ratio is currently 8.1 days.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised their target price on Fairfax Financial from $1,425.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th.

Fairfax Financial Stock Up 1.3 %

Shares of FRFHF stock traded up $18.81 during trading hours on Monday, reaching $1,432.04. The company had a trading volume of 2,049 shares, compared to its average volume of 5,898. Fairfax Financial has a 12 month low of $875.73 and a 12 month high of $1,435.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 2.45. The business has a fifty day simple moving average of $1,301.56 and a 200-day simple moving average of $1,202.34. The company has a market cap of $33.22 billion, a price-to-earnings ratio of 8.76 and a beta of 0.79.

Fairfax Financial Company Profile

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.