Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Sees Significant Decline in Short Interest

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) was the recipient of a significant drop in short interest in 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.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada increased their price objective on shares of 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

Shares of Fairfax Financial stock traded up $9.57 during trading hours on Friday, reaching $1,413.23. The company’s stock had a trading volume of 819 shares, compared to its average volume of 4,776. The stock has a market cap of $32.79 billion, a P/E ratio of 8.64 and a beta of 0.79. Fairfax Financial has a one year low of $875.73 and a one year high of $1,426.00. The firm has a 50 day moving average price of $1,301.56 and a 200-day moving average price of $1,202.34. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 2.45.

About Fairfax Financial

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.