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

AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 878 shares, a decline of 54.3% from the June 30th total of 1,920 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 13,107 shares, the days-to-cover ratio is currently 0.1 days.

AIFU Stock Performance

NASDAQ AIFU traded up $1.70 on Wednesday, reaching $33.70. 1,944 shares of the stock traded hands, compared to its average volume of 4,307. The company has a fifty day moving average price of $42.93 and a 200-day moving average price of $38.45. The company has a market cap of $208.27 million, a price-to-earnings ratio of 0.15 and a beta of 0.98. AIFU has a 12 month low of $20.00 and a 12 month high of $168.65.

Analyst Ratings Changes

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

Institutional Trading of AIFU

An institutional investor recently bought a new stake in AIFU stock. Acadian Asset Management LLC acquired a new position in AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 868,208 shares of the company’s stock, valued at approximately $182,000. Acadian Asset Management LLC owned 1.50% of AIFU at the end of the most recent reporting period. Institutional investors and hedge funds own 26.72% of the company’s stock.

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.