Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) Sees Large Drop in Short Interest

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 58,032 shares, a decrease of 37.0% from the May 14th total of 92,066 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 9,669 shares, the days-to-cover ratio is currently 6.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Huize from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Huize Trading Down 5.8%

HUIZ traded down $0.08 during trading on Tuesday, reaching $1.31. The company had a trading volume of 45,721 shares, compared to its average volume of 9,541. The firm’s 50-day simple moving average is $1.57 and its 200 day simple moving average is $2.08. The company has a market cap of $13.22 million, a price-to-earnings ratio of 43.67 and a beta of 0.85. Huize has a 12-month low of $1.19 and a 12-month high of $4.53. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.44 and a current ratio of 1.44.

Hedge Funds Weigh In On Huize

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

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.