AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) Sees Significant Drop in Short Interest

AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 10,710 shares, a decrease of 29.4% from the February 12th total of 15,165 shares. Based on an average daily trading volume, of 1,450 shares, the short-interest ratio is presently 7.4 days. Approximately 0.5% of the shares of the company are sold short. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 1,450 shares, the short-interest ratio is presently 7.4 days.

AIFU Stock Performance

Shares of AIFU opened at $1.95 on Friday. The stock has a market capitalization of $5.66 million, a P/E ratio of 0.13 and a beta of 0.67. AIFU has a 1 year low of $1.50 and a 1 year high of $9.40. The company’s fifty day moving average is $2.11 and its two-hundred day moving average is $3.53.

Analyst Ratings Changes

Separately, Weiss Ratings cut AIFU from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On AIFU

A hedge fund recently bought a new stake in AIFU stock. Acadian Asset Management LLC acquired a new stake in AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 868,208 shares of the company’s stock, valued at approximately $182,000. Acadian Asset Management LLC owned approximately 1.50% of AIFU at the end of the most recent quarter. 26.72% of the stock is owned by hedge funds and other institutional investors.

About AIFU

AIX, Inc engages in the provision of agency services and insurance claims adjusting services. It operates through the Insurance Agency and Claims Adjusting segments. The Insurance Agency segment includes providing agency services for insurance products and life insurance products. The Claims Adjusting segment provides pre-underwriting survey services, claims adjusting services, disposal of residual value services, loading and unloading supervision services, and consulting services. The company was founded by Yin An Hu and Qiu Ping Lai in 1998 and is headquartered in Guangzhou, China.