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 in October. As of October 31st, there was short interest totalling 56,900 shares, an increase of 6.4% from the October 15th total of 53,500 shares. Based on an average daily trading volume, of 4,000 shares, the days-to-cover ratio is presently 14.2 days.

Fairfax Financial Stock Up 0.6 %

OTCMKTS:FRFHF opened at $1,367.23 on Tuesday. The company has a market cap of $31.75 billion, a price-to-earnings ratio of 8.36 and a beta of 0.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.45 and a current ratio of 2.45. The stock’s fifty day moving average price is $1,267.58 and its two-hundred day moving average price is $1,183.90. Fairfax Financial has a 52-week low of $873.50 and a 52-week high of $1,376.30.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised their price objective 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.

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.