Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Short Interest Up 8.1% in December

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 47,800 shares, a growth of 8.1% from the December 15th total of 44,200 shares. Based on an average trading volume of 7,300 shares, the short-interest ratio is currently 6.5 days.

Fairfax Financial Stock Performance

Shares of OTCMKTS:FRFHF traded up $11.22 during midday trading on Friday, hitting $1,381.39. The stock had a trading volume of 2,782 shares, compared to its average volume of 4,257. Fairfax Financial has a 1 year low of $904.98 and a 1 year high of $1,464.00. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average price of $1,389.70 and a two-hundred day moving average price of $1,267.38. The company has a market capitalization of $32.02 billion, a PE ratio of 8.24 and a beta of 0.81.

Fairfax Financial Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th will be given a dividend of $15.00 per share. This represents a yield of 1.09%. The ex-dividend date of this dividend is Thursday, January 16th. Fairfax Financial’s payout ratio is 9.17%.

Analysts Set New Price Targets

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

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.