Fanhua Inc. (NASDAQ:FANH - Get Free Report) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 264,300 shares, a decline of 5.2% from the September 15th total of 278,900 shares. Based on an average daily trading volume, of 370,700 shares, the short-interest ratio is presently 0.7 days. Currently, 0.6% of the company's shares are short sold.
NASDAQ FANH opened at $1.59 on Thursday. Fanhua has a fifty-two week low of $1.04 and a fifty-two week high of $7.48. The stock's fifty day moving average is $1.38 and its two-hundred day moving average is $2.31. The firm has a market capitalization of $90.16 million, a P/E ratio of 2.18 and a beta of -0.06.
An institutional investor recently raised its position in Fanhua stock. Dimensional Fund Advisors LP lifted its position in Fanhua Inc. (NASDAQ:FANH - Free Report) by 11.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 466,320 shares of the financial services provider's stock after buying an additional 48,383 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.82% of Fanhua worth $930,000 at the end of the most recent reporting period. Institutional investors own 26.72% of the company's stock.
Separately, StockNews.com raised Fanhua from a "sell" rating to a "hold" rating in a research note on Tuesday, October 1st.
Check Out Our Latest Report on Fanhua
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.
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