Short Interest in Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Increases By 16.9%

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 87,300 shares, an increase of 16.9% from the February 13th total of 74,700 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is presently 13.4 days.

Fairfax Financial Stock Performance

OTCMKTS FRFHF opened at $1,398.13 on Friday. Fairfax Financial has a fifty-two week low of $1,027.00 and a fifty-two week high of $1,493.52. The stock has a market cap of $31.87 billion, a PE ratio of 8.68 and a beta of 0.80. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.45 and a current ratio of 3.65. The firm’s fifty day moving average price is $1,399.37 and its two-hundred day moving average price is $1,346.14.

Fairfax Financial (OTCMKTS:FRFHF) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $50.42 earnings per share for the quarter, topping analysts’ consensus estimates of $43.72 by $6.70. The business had revenue of $7.74 billion for the quarter, compared to analyst estimates of $7.51 billion. Fairfax Financial had a return on equity of 14.43% and a net margin of 12.47%. On average, equities analysts expect that Fairfax Financial will post 166.85 EPS for the current fiscal year.

Fairfax Financial Announces Dividend

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

Wall Street Analyst Weigh In

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

Fairfax Financial Company Profile

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.