Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) Short Interest Update

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 159,004 shares, a growth of 1,613.8% from the March 31st total of 9,278 shares. Currently, 2.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,279,738 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Huize in a research report on Tuesday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $2.30.

Hedge Funds Weigh In On Huize

An institutional investor recently bought a new position in Huize stock. SmartHarvest Portfolios LLC bought a new position in shares of Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,993 shares of the company’s stock, valued at approximately $34,000. SmartHarvest Portfolios LLC owned 0.12% of Huize at the end of the most recent quarter.

Huize Price Performance

HUIZ remained flat at $1.67 during trading on Friday. The company’s stock had a trading volume of 3,568 shares, compared to its average volume of 195,058. The stock’s 50-day moving average price is $1.73 and its 200 day moving average price is $2.59. The firm has a market capitalization of $16.85 million, a P/E ratio of 55.67 and a beta of 0.60. Huize has a one year low of $1.19 and a one year high of $4.53.

Huize Company Profile

Huize Holding Limited operates as a technology-driven online insurance distribution platform in China, offering a wide spectrum of personal insurance products including life, health, accident, property and casualty, and travel policies. Through its proprietary technology infrastructure, the company aggregates product information from insurance carriers, provides comparative quotes, and facilitates policy purchase and after-sales service. Huize’s platform integrates data analytics, automated underwriting tools and user-friendly interfaces to streamline insurance selection and enrollment processes for individual customers and small-to-medium enterprises.

Founded in 2012 and headquartered in Beijing, Huize serves clients across mainland China via a multi-channel distribution model.