Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) Short Interest Up 518.5% in August

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 654,597 shares, a growth of 518.5% from the August 15th total of 105,828 shares. Approximately 9.3% of the shares of the company are short sold. Based on an average trading volume of 7,692,317 shares, the days-to-cover ratio is presently 0.1 days.

Huize Price Performance

Shares of NASDAQ HUIZ traded down $0.06 during midday trading on Friday, hitting $1.53. The stock had a trading volume of 23,817 shares, compared to its average volume of 4,402,692. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.02. The stock has a 50 day simple moving average of $1.37 and a 200-day simple moving average of $1.50. The company has a market capitalization of $15.44 million, a PE ratio of 51.00 and a beta of 1.00. Huize has a 1 year low of $1.04 and a 1 year high of $4.53.

Huize (NASDAQ:HUIZ) last announced its quarterly earnings data on Saturday, August 15th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $52.98 million during the quarter.

Institutional Trading of Huize

A hedge fund recently bought a new position in Huize stock. SmartHarvest Portfolios LLC purchased a new stake in Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,993 shares of the company’s stock, valued at approximately $34,000. SmartHarvest Portfolios LLC owned about 0.12% of Huize as of its most recent SEC filing.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Huize from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

About Huize

Huize Holding Limited operates as a technology-driven online insurance distribution platform in China, offering a wide spectrum of personal insurance products including life, health, accident, property and casualty, and travel policies. Through its proprietary technology infrastructure, the company aggregates product information from insurance carriers, provides comparative quotes, and facilitates policy purchase and after-sales service. Huize’s platform integrates data analytics, automated underwriting tools and user-friendly interfaces to streamline insurance selection and enrollment processes for individual customers and small-to-medium enterprises.

Founded in 2012 and headquartered in Beijing, Huize serves clients across mainland China via a multi-channel distribution model.