Short Interest in Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Rises By 20.9%

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 144,700 shares, a growth of 20.9% from the March 31st total of 119,700 shares. Based on an average daily volume of 6,900 shares, the short-interest ratio is presently 21.0 days.

FRFHF has been the topic of a number of recent analyst reports. Scotiabank lifted their price objective on shares of Fairfax Financial from $630.00 to $685.00 and gave the company an “outperform” rating in a research note on Thursday, April 29th. Royal Bank of Canada increased their target price on shares of Fairfax Financial from $500.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday. National Bank Financial restated an “outperform” rating on shares of Fairfax Financial in a research report on Thursday, April 29th. Finally, BMO Capital Markets increased their price objective on shares of Fairfax Financial from $500.00 to $550.00 and gave the stock a “market perform” rating in a research report on Friday, February 12th.

Shares of FRFHF stock traded up $8.27 on Tuesday, reaching $464.28. 10,427 shares of the company were exchanged, compared to its average volume of 9,321. The company has a debt-to-equity ratio of 0.57, a current ratio of 6.07 and a quick ratio of 6.07. The company has a 50-day moving average of $443.26 and a 200-day moving average of $375.48. The company has a market cap of $12.44 billion, a price-to-earnings ratio of -113.24 and a beta of 0.86. Fairfax Financial has a one year low of $223.52 and a one year high of $469.66.

Fairfax Financial (OTCMKTS:FRFHF) last announced its quarterly earnings data on Thursday, April 29th. The financial services provider reported $28.91 EPS for the quarter, beating the Zacks’ consensus estimate of $26.46 by $2.45. Fairfax Financial had a negative return on equity of 0.80% and a negative net margin of 0.10%.

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 Insurance and Reinsurance, Run-off, and Non-Insurance Companies segments.

Further Reading: What is cost of equity?

Receive News & Ratings for Fairfax Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairfax Financial and related companies with MarketBeat.com's FREE daily email newsletter.