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

AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 5,426 shares, an increase of 518.0% from the July 15th total of 878 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 7,580 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On AIFU

An institutional investor recently bought a new stake in AIFU stock. Acadian Asset Management LLC purchased a new stake in shares of AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 868,208 shares of the company’s stock, valued at approximately $182,000. Acadian Asset Management LLC owned about 1.50% of AIFU as of its most recent filing with the SEC. Institutional investors own 26.72% of the company’s stock.

AIFU Price Performance

Shares of AIFU opened at $37.67 on Friday. The business has a 50-day moving average of $41.00 and a 200-day moving average of $37.20. The company has a market capitalization of $232.68 million, a price-to-earnings ratio of 0.17 and a beta of 1.01. AIFU has a 1 year low of $20.00 and a 1 year high of $139.60.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of AIFU in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

About AIFU

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.