Short Interest in Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Expands By 8.1%

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 47,800 shares, an increase of 8.1% from the December 31st 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.

Analysts Set New Price Targets

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

Fairfax Financial Stock Performance

Shares of FRFHF opened at $1,351.73 on Tuesday. The firm has a fifty day simple moving average of $1,391.02 and a 200 day simple moving average of $1,285.82. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.39. Fairfax Financial has a 12 month low of $904.98 and a 12 month high of $1,464.00. The stock has a market capitalization of $30.94 billion, a price-to-earnings ratio of 8.27 and a beta of 0.80.

Fairfax Financial Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were paid a dividend of $15.00 per share. This represents a dividend yield of 1.09%. The ex-dividend date of this dividend was Thursday, January 16th. Fairfax Financial’s dividend payout ratio is currently 9.17%.

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.