Fanhua Inc. (NASDAQ:FANH) Short Interest Up 178.6% in June

Fanhua Inc. (NASDAQ:FANH) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 79,400 shares, a growth of 178.6% from the May 31st total of 28,500 shares. Based on an average daily volume of 68,400 shares, the short-interest ratio is currently 1.2 days. Currently, 0.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Fanhua in a research report on Friday, May 17th. They set a “hold” rating for the company.

Fanhua Price Performance

Shares of NASDAQ FANH traded down $0.05 during mid-day trading on Friday, hitting $1.99. 148,622 shares of the company’s stock traded hands, compared to its average volume of 47,782. Fanhua has a 1 year low of $1.94 and a 1 year high of $8.58. The company’s 50-day moving average is $3.11 and its two-hundred day moving average is $4.61. The company has a market capitalization of $112.85 million, a P/E ratio of 2.73 and a beta of 0.08.

About 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.