AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) Sees Large Increase in Short Interest

AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 11,319 shares, an increase of 119.2% from the August 31st total of 5,163 shares. Based on an average trading volume of 60,355 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

AIFU Stock Performance

AIFU stock traded up $2.92 on Friday, reaching $12.02. The company had a trading volume of 78,686 shares, compared to its average volume of 50,726. AIFU has a 1 year low of $8.17 and a 1 year high of $117.40. The company’s fifty day moving average is $23.61 and its 200 day moving average is $32.59. The company has a market cap of $74.28 million, a P/E ratio of 0.05 and a beta of 0.95.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AIFU shares. Wall Street Zen raised AIFU to a “sell” rating in a research note on Saturday, August 29th. Weiss Ratings upgraded shares of AIFU from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, AIFU presently has a consensus rating of “Sell”.

AIFU Company Profile

AIFU Inc is a China-based financial services company that operates primarily through insurance distribution and related financial services. The company provides insurance products and services to individuals and businesses through its sales and service network, with offerings generally spanning life, health, property and casualty, and other insurance categories.

The company was formerly known as Fanhua Inc and has a history in China’s insurance intermediary industry dating back to the late 1990s.