Fanhua Inc. (NASDAQ:FANH) Short Interest Update

Fanhua Inc. (NASDAQ:FANH) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 278,900 shares, a growth of 12.6% from the August 31st total of 247,600 shares. Based on an average trading volume of 315,900 shares, the short-interest ratio is presently 0.9 days. Currently, 0.6% of the shares of the stock are short sold.

Fanhua Stock Performance

FANH stock opened at $1.42 on Tuesday. Fanhua has a 52-week low of $1.04 and a 52-week high of $7.54. The company has a market capitalization of $80.52 million, a P/E ratio of 1.95 and a beta of -0.07. The company has a fifty day moving average price of $1.35 and a 200-day moving average price of $2.54.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fanhua stock. Dimensional Fund Advisors LP increased its stake in Fanhua Inc. (NASDAQ:FANH) by 11.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 466,320 shares of the financial services provider’s stock after acquiring an additional 48,383 shares during the quarter. Dimensional Fund Advisors LP owned about 0.82% of Fanhua worth $930,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 26.72% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Fanhua from a “sell” rating to a “hold” rating in a research note on Tuesday.

Fanhua Company Profile

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.