Short Interest in Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Declines By 10.4%

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 51,000 shares, a drop of 10.4% from the October 31st total of 56,900 shares. Based on an average daily trading volume, of 6,300 shares, the days-to-cover ratio is presently 8.1 days.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upped their price objective on Fairfax Financial from $1,425.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th.

Fairfax Financial Price Performance

FRFHF stock traded up $18.81 during mid-day trading on Tuesday, hitting $1,432.04. The company had a trading volume of 2,049 shares, compared to its average volume of 4,456. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.39. Fairfax Financial has a 12-month low of $875.73 and a 12-month high of $1,435.00. The company has a 50-day moving average price of $1,305.42 and a 200 day moving average price of $1,204.37. The company has a market capitalization of $33.22 billion, a price-to-earnings ratio of 8.76 and a beta of 0.81.

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.