Short Interest in Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Declines By 24.3%

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 74,700 shares, a decrease of 24.3% from the January 31st total of 98,700 shares. Based on an average trading volume of 8,000 shares, the days-to-cover ratio is presently 9.3 days.

Fairfax Financial Stock Performance

Fairfax Financial stock traded down $7.21 during mid-day trading on Wednesday, reaching $1,415.17. 6,501 shares of the company’s stock were exchanged, compared to its average volume of 4,451. The firm has a market capitalization of $32.36 billion, a PE ratio of 8.79 and a beta of 0.80. The company has a quick ratio of 2.45, a current ratio of 3.65 and a debt-to-equity ratio of 0.43. The business’s fifty day simple moving average is $1,397.48 and its 200 day simple moving average is $1,330.72. Fairfax Financial has a one year low of $1,027.00 and a one year high of $1,493.52.

Fairfax Financial (OTCMKTS:FRFHF) last released its earnings results on Thursday, February 20th. The financial services provider reported $50.42 earnings per share for the quarter, beating analysts’ consensus estimates of $43.72 by $6.70. Fairfax Financial had a net margin of 12.47% and a return on equity of 14.43%. The firm had revenue of $7.74 billion for the quarter, compared to analysts’ expectations of $7.51 billion. On average, sell-side analysts expect that Fairfax Financial will post 166.85 earnings per share for the current year.

Fairfax Financial Announces Dividend

The company also recently announced an annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were paid a $15.00 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a dividend yield of 1.09%. Fairfax Financial’s payout ratio is presently 9.31%.

Analyst Upgrades and Downgrades

Separately, National Bankshares reiterated an “outperform” rating on shares of Fairfax Financial in a report on Monday, February 3rd.

About Fairfax Financial

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.