Short Interest in Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Decreases By 10.4%

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 51,000 shares, a drop of 10.4% from the October 31st total of 56,900 shares. Based on an average daily trading volume, of 6,300 shares, the days-to-cover ratio is currently 8.1 days.

Wall Street Analysts Forecast Growth

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

Fairfax Financial Stock Performance

Shares of OTCMKTS FRFHF traded up $18.81 during mid-day trading on Monday, hitting $1,432.04. The company had a trading volume of 2,049 shares, compared to its average volume of 5,898. The company has a market capitalization of $33.22 billion, a price-to-earnings ratio of 8.76 and a beta of 0.79. Fairfax Financial has a 1 year low of $875.73 and a 1 year high of $1,435.00. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.39. The stock’s 50-day moving average price is $1,301.56 and its 200-day moving average price is $1,202.34.

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.