Short Interest in Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Increases By 11.6%

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 44,200 shares, a growth of 11.6% from the November 30th total of 39,600 shares. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is currently 8.3 days.

Fairfax Financial Stock Up 0.2 %

Shares of FRFHF traded up $3.03 during mid-day trading on Wednesday, hitting $1,389.76. The company’s stock had a trading volume of 1,686 shares, compared to its average volume of 5,733. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average is $1,367.24 and its 200-day moving average is $1,245.31. Fairfax Financial has a 52-week low of $898.69 and a 52-week high of $1,464.00. The firm has a market capitalization of $32.22 billion, a price-to-earnings ratio of 8.50 and a beta of 0.81.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted their price objective on Fairfax Financial from $1,425.00 to $1,500.00 and gave the company an “outperform” rating in a report on Monday, November 4th.

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.