Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Sees Significant Increase in Short Interest

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 79,200 shares, a growth of 7.2% from the March 15th total of 73,900 shares. Based on an average daily volume of 21,000 shares, the short-interest ratio is currently 3.8 days.

Fairfax Financial Stock Performance

FRFHF traded up $6.77 during trading on Wednesday, reaching $1,070.13. 2,247 shares of the company’s stock were exchanged, compared to its average volume of 7,473. Fairfax Financial has a 1 year low of $646.38 and a 1 year high of $1,149.56. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $25.74 billion, a P/E ratio of 6.14 and a beta of 0.81. The company’s fifty day simple moving average is $1,067.62 and its 200-day simple moving average is $961.32.

Fairfax Financial (OTCMKTS:FRFHF) last posted its earnings results on Thursday, February 15th. The financial services provider reported $52.87 earnings per share for the quarter. The firm had revenue of $6.90 billion during the quarter. Fairfax Financial had a net margin of 16.27% and a return on equity of 18.14%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lifted their target price on shares of Fairfax Financial from $1,085.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th.

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.