Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Short Interest Up 6.4% in October

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 56,900 shares, a growth of 6.4% from the October 15th total of 53,500 shares. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is currently 14.2 days.

Fairfax Financial Stock Performance

OTCMKTS:FRFHF opened at $1,367.23 on Tuesday. The firm has a market capitalization of $31.75 billion, a PE ratio of 8.36 and a beta of 0.79. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.39. Fairfax Financial has a 12-month low of $873.50 and a 12-month high of $1,376.30. The firm has a 50-day moving average price of $1,267.58 and a 200 day moving average price of $1,183.90.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lifted their price target on shares of Fairfax Financial from $1,425.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th.

About Fairfax Financial

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.