Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Sees Large Increase in Short Interest

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 47,800 shares, an increase of 8.1% from the December 15th total of 44,200 shares. Based on an average daily volume of 7,300 shares, the days-to-cover ratio is presently 6.5 days.

Analyst Upgrades and Downgrades

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

Fairfax Financial Price Performance

Shares of FRFHF opened at $1,381.39 on Tuesday. Fairfax Financial has a fifty-two week low of $904.98 and a fifty-two week high of $1,464.00. The company’s 50-day moving average is $1,390.61 and its 200-day moving average is $1,269.92. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 2.45. The firm has a market capitalization of $32.02 billion, a PE ratio of 8.45 and a beta of 0.81.

Fairfax Financial Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 16th will be given a dividend of $15.00 per share. The ex-dividend date is Thursday, January 16th. This represents a yield of 1.09%. Fairfax Financial’s dividend payout ratio is 9.17%.

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.