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

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 87,300 shares, an increase of 16.9% from the February 13th total of 74,700 shares. Based on an average daily trading volume, of 6,500 shares, the days-to-cover ratio is currently 13.4 days. Currently, 0.4% of the company’s stock are short sold.

Fairfax Financial Price Performance

OTCMKTS FRFHF opened at $1,399.25 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.45 and a current ratio of 3.65. The company has a market capitalization of $31.89 billion, a price-to-earnings ratio of 8.69 and a beta of 0.80. The stock has a 50-day moving average of $1,398.66 and a 200 day moving average of $1,345.78. Fairfax Financial has a one year low of $1,027.00 and a one year high of $1,493.52.

Fairfax Financial (OTCMKTS:FRFHF) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $50.42 earnings per share for the quarter, beating the consensus estimate of $43.72 by $6.70. The firm had revenue of $7.74 billion during the quarter, compared to analysts’ expectations of $7.51 billion. Fairfax Financial had a net margin of 12.47% and a return on equity of 14.43%. On average, sell-side analysts forecast that Fairfax Financial will post 166.85 EPS for the current year.

Fairfax Financial Dividend Announcement

The company also recently declared an annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were issued a dividend of $15.00 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a dividend yield of 1.09%. Fairfax Financial’s payout ratio is 9.31%.

Analyst Ratings Changes

Separately, National Bankshares reissued an “outperform” rating on shares of Fairfax Financial in a report on Monday, February 3rd.

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.