Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Short Interest Down 10.4% in November

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) saw a large drop in short interest during 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 trading volume, of 6,300 shares, the days-to-cover ratio is presently 8.1 days.

Wall Street Analyst Weigh In

Separately, 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 report on Monday, November 4th.

Fairfax Financial Trading Up 1.3 %

OTCMKTS FRFHF traded up $18.81 during trading on Tuesday, hitting $1,432.04. The stock had a trading volume of 2,049 shares, compared to its average volume of 4,456. The company has a market capitalization of $33.22 billion, a PE ratio of 8.76 and a beta of 0.81. Fairfax Financial has a twelve month low of $875.73 and a twelve month high of $1,435.00. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average price of $1,305.42 and a 200 day moving average price of $1,204.37.

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.