Short Interest in Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Declines By 24.3%

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 74,700 shares, a drop of 24.3% from the January 31st total of 98,700 shares. Based on an average daily trading volume, of 8,000 shares, the short-interest ratio is presently 9.3 days.

Fairfax Financial Stock Performance

Shares of FRFHF opened at $1,422.38 on Tuesday. Fairfax Financial has a 52 week low of $1,027.00 and a 52 week high of $1,493.52. The company has a quick ratio of 2.45, a current ratio of 3.65 and a debt-to-equity ratio of 0.43. The stock has a market cap of $32.53 billion, a P/E ratio of 8.83 and a beta of 0.80. The business’s 50 day moving average price is $1,396.39 and its 200-day moving average price is $1,326.75.

Fairfax Financial (OTCMKTS:FRFHF) last released its earnings results on Thursday, February 20th. The financial services provider reported $50.42 EPS for the quarter, topping analysts’ consensus estimates of $43.72 by $6.70. The firm had revenue of $7.74 billion for the quarter, compared to analysts’ expectations of $7.51 billion. Fairfax Financial had a return on equity of 14.43% and a net margin of 12.47%. Equities research analysts anticipate that Fairfax Financial will post 166.85 earnings per share for the current fiscal year.

Fairfax Financial Announces Dividend

The company also recently announced an annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were issued a $15.00 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a yield of 1.09%. Fairfax Financial’s dividend payout ratio (DPR) is presently 9.31%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FRFHF. National Bankshares reiterated an “outperform” rating on shares of Fairfax Financial in a report on Monday, February 3rd. Royal Bank of Canada upped their price target 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.

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.