Fanhua Inc. (NASDAQ:FANH) Sees Significant Increase in Short Interest

Fanhua Inc. (NASDAQ:FANH) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 278,900 shares, a growth of 12.6% from the August 31st total of 247,600 shares. Based on an average trading volume of 315,900 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fanhua stock. Dimensional Fund Advisors LP boosted its position in shares of Fanhua Inc. (NASDAQ:FANH) by 11.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 466,320 shares of the financial services provider’s stock after acquiring an additional 48,383 shares during the quarter. Dimensional Fund Advisors LP owned 0.82% of Fanhua worth $930,000 at the end of the most recent reporting period. Institutional investors own 26.72% of the company’s stock.

Fanhua Stock Performance

Shares of FANH stock traded up $0.05 during mid-day trading on Friday, hitting $1.29. The company’s stock had a trading volume of 320,496 shares, compared to its average volume of 141,797. Fanhua has a 52-week low of $1.04 and a 52-week high of $7.72. The business has a 50-day moving average price of $1.35 and a 200 day moving average price of $2.58. The stock has a market cap of $73.15 million, a price-to-earnings ratio of 1.77 and a beta of -0.07.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Fanhua from a “hold” rating to a “sell” rating in a research note on Monday, September 23rd.

Fanhua Company Profile

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.