Short Interest in Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) Expands By 74.4%

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 57,090 shares, a growth of 74.4% from the June 15th total of 32,736 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 18,941 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Investors Weigh In On Huize

A hedge fund recently bought a new position in Huize stock. SmartHarvest Portfolios LLC purchased a new stake in shares of Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 11,993 shares of the company’s stock, valued at approximately $34,000. SmartHarvest Portfolios LLC owned about 0.12% of Huize at the end of the most recent quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Huize from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Huize Price Performance

Shares of Huize stock traded up $0.03 during trading on Friday, reaching $1.27. 60,486 shares of the company’s stock were exchanged, compared to its average volume of 8,703. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.44 and a current ratio of 1.44. Huize has a 1-year low of $1.04 and a 1-year high of $4.53. The company has a market cap of $12.81 million, a P/E ratio of 42.33 and a beta of 0.88. The firm’s 50-day moving average price is $1.37 and its 200 day moving average price is $1.73.

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.