AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) Sees Large Drop in Short Interest

AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 878 shares, a drop of 54.3% from the June 30th total of 1,920 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 13,107 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On AIFU

An institutional investor recently bought a new position in AIFU stock. Acadian Asset Management LLC bought a new position in shares of AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 868,208 shares of the company’s stock, valued at approximately $182,000. Acadian Asset Management LLC owned 1.50% of AIFU at the end of the most recent quarter. Institutional investors own 26.72% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of AIFU from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

AIFU Stock Down 0.0%

AIFU opened at $32.00 on Thursday. The stock’s 50 day moving average price is $42.69 and its two-hundred day moving average price is $38.23. The firm has a market capitalization of $197.73 million, a P/E ratio of 0.14 and a beta of 0.98. AIFU has a 12-month low of $20.00 and a 12-month high of $168.65.

AIFU Company Profile

AIX, Inc engages in the provision of agency services and insurance claims adjusting services. It operates through the Insurance Agency and Claims Adjusting segments. The Insurance Agency segment includes providing agency services for insurance products and life insurance products. The Claims Adjusting segment provides pre-underwriting survey services, claims adjusting services, disposal of residual value services, loading and unloading supervision services, and consulting services. The company was founded by Yin An Hu and Qiu Ping Lai in 1998 and is headquartered in Guangzhou, China.