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 the month of 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. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 315,900 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of Fanhua

An institutional investor recently raised its position in Fanhua stock. Dimensional Fund Advisors LP lifted its holdings in Fanhua Inc. (NASDAQ:FANH) by 11.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 466,320 shares of the financial services provider’s stock after acquiring an additional 48,383 shares during the period. Dimensional Fund Advisors LP owned 0.82% of Fanhua worth $930,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 26.72% of the company’s stock.

Fanhua Stock Up 4.0 %

NASDAQ:FANH traded up $0.05 during mid-day trading on Friday, hitting $1.29. 320,496 shares of the company traded hands, compared to its average volume of 141,797. The stock’s fifty day moving average price is $1.35 and its 200-day moving average price is $2.58. Fanhua has a one year low of $1.04 and a one year high of $7.72. The firm has a market cap of $73.15 million, a price-to-earnings ratio of 1.77 and a beta of -0.07.

Analysts Set New Price Targets

Separately, StockNews.com lowered Fanhua from a “hold” rating to a “sell” rating in a report 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.