Short Interest in Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Increases By 16.9%

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 87,300 shares, an increase of 16.9% from the February 13th total of 74,700 shares. Based on an average daily trading volume, of 6,500 shares, the short-interest ratio is currently 13.4 days. Approximately 0.4% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, National Bankshares restated an “outperform” rating on shares of Fairfax Financial in a research note on Monday, February 3rd.

Fairfax Financial Stock Performance

Shares of FRFHF traded down $15.39 during trading hours on Wednesday, reaching $1,390.00. 1,844 shares of the company traded hands, compared to its average volume of 4,601. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.45 and a current ratio of 3.65. The stock’s fifty day moving average is $1,397.93 and its 200 day moving average is $1,345.40. Fairfax Financial has a 1-year low of $1,027.00 and a 1-year high of $1,493.52. The stock has a market cap of $31.68 billion, a P/E ratio of 8.63 and a beta of 0.80.

Fairfax Financial (OTCMKTS:FRFHF) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $50.42 EPS for the quarter, beating the consensus estimate of $43.72 by $6.70. Fairfax Financial had a return on equity of 14.43% and a net margin of 12.47%. The firm had revenue of $7.74 billion during the quarter, compared to analysts’ expectations of $7.51 billion. Equities research analysts anticipate that Fairfax Financial will post 166.85 earnings per share for the current fiscal year.

Fairfax Financial Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were issued a $15.00 dividend. This represents a yield of 1.09%. The ex-dividend date of this dividend was Thursday, January 16th. Fairfax Financial’s dividend payout ratio (DPR) is presently 9.31%.

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.