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

AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,920 shares, a decrease of 93.7% from the June 15th total of 30,526 shares. Based on an average trading volume of 29,308 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

AIFU Trading Down 3.5%

Shares of NASDAQ AIFU traded down $1.34 during mid-day trading on Friday, hitting $36.99. The company had a trading volume of 15,103 shares, compared to its average volume of 19,065. AIFU has a 1 year low of $20.00 and a 1 year high of $188.01. The company has a market capitalization of $228.60 million, a price-to-earnings ratio of 0.16 and a beta of 0.98. The stock’s 50-day moving average price is $42.97 and its 200-day moving average price is $40.38.

AIFU (NASDAQ:AIFU) last announced its quarterly earnings results on Tuesday, April 28th. The company reported ($4,060.30) EPS for the quarter, missing the consensus estimate of $237.20 by ($4,297.50). The business had revenue of $19.02 million for the quarter, compared to analysts’ expectations of $453.00 million.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On AIFU

An institutional investor recently bought a new stake in AIFU stock. Acadian Asset Management LLC bought a new stake in shares of AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 26.72% of the stock is owned by institutional investors.

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.