Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Short Interest Down 24.3% in February

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 74,700 shares, a drop of 24.3% from the January 31st total of 98,700 shares. Based on an average daily trading volume, of 8,000 shares, the short-interest ratio is presently 9.3 days.

Analysts Set New Price Targets

FRFHF has been the subject of a number of recent analyst reports. National Bankshares reissued an “outperform” rating on shares of Fairfax Financial in a research report on Monday, February 3rd. Royal Bank of Canada boosted their price objective on shares of Fairfax Financial from $1,425.00 to $1,500.00 and gave the company an “outperform” rating in a report on Monday, November 4th.

Fairfax Financial Price Performance

OTCMKTS FRFHF opened at $1,422.38 on Tuesday. The stock has a market capitalization of $32.53 billion, a price-to-earnings ratio of 8.83 and a beta of 0.80. Fairfax Financial has a 1-year low of $1,027.00 and a 1-year high of $1,493.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.65 and a quick ratio of 2.45. The business’s fifty day moving average price is $1,396.39 and its 200-day moving average price is $1,326.75.

Fairfax Financial (OTCMKTS:FRFHF) last posted its earnings results on Thursday, February 20th. The financial services provider reported $50.42 earnings per share for the quarter, beating analysts’ consensus estimates of $43.72 by $6.70. The company had revenue of $7.74 billion for the quarter, compared to the consensus estimate of $7.51 billion. Fairfax Financial had a return on equity of 14.43% and a net margin of 12.47%. On average, equities analysts predict that Fairfax Financial will post 166.85 earnings per share for the current year.

Fairfax Financial Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were issued a $15.00 dividend. This represents a dividend yield of 1.09%. The ex-dividend date was Thursday, January 16th. Fairfax Financial’s payout ratio is 9.31%.

Fairfax Financial Company Profile

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.