Fanhua Inc. (NASDAQ:FANH) Short Interest Update

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Fanhua in a research note on Friday, May 17th. They issued a “hold” rating on the stock.

Fanhua Stock Performance

NASDAQ FANH traded down $0.13 during trading on Thursday, reaching $2.08. The company’s stock had a trading volume of 146,560 shares, compared to its average volume of 46,962. 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 twelve month low of $2.04 and a twelve month high of $8.58. The business’s fifty day moving average price is $3.14 and its 200-day moving average price is $4.65.

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.