Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) Short Interest Down 76.6% in January

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 11,084 shares, a drop of 76.6% from the December 31st total of 47,354 shares. Based on an average daily volume of 24,823 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 24,823 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Huize in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $2.30.

Huize Stock Performance

Shares of NASDAQ:HUIZ traded down $0.10 during midday trading on Friday, hitting $2.14. The company’s stock had a trading volume of 1,487 shares, compared to its average volume of 14,646. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market capitalization of $21.54 million, a price-to-earnings ratio of 71.17 and a beta of 0.46. The stock’s 50 day simple moving average is $2.89 and its 200 day simple moving average is $3.00. Huize has a fifty-two week low of $1.50 and a fifty-two week high of $4.53.

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.