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

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

Analysts Set New Price Targets

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

Fairfax Financial Stock Performance

Shares of Fairfax Financial stock opened at $1,443.18 on Thursday. The stock has a market cap of $33.01 billion, a PE ratio of 8.96 and a beta of 0.80. The business has a fifty day simple moving average of $1,397.48 and a 200-day simple moving average of $1,330.72. The company has a quick ratio of 2.45, a current ratio of 3.65 and a debt-to-equity ratio of 0.43. Fairfax Financial has a 12 month low of $1,027.00 and a 12 month high of $1,493.52.

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

Fairfax Financial Dividend Announcement

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

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.