Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 57,090 shares, an increase of 74.4% from the June 15th total of 32,736 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,941 shares, the days-to-cover ratio is presently 3.0 days.
Huize Stock Performance
Shares of HUIZ opened at $1.24 on Friday. The company has a 50-day moving average of $1.38 and a two-hundred day moving average of $1.74. The stock has a market cap of $12.46 million, a price-to-earnings ratio of 41.17 and a beta of 0.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.44 and a quick ratio of 1.44. Huize has a one year low of $1.04 and a one year high of $4.53.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised Huize from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Huize currently has a consensus rating of “Sell”.
Hedge Funds Weigh In On Huize
A hedge fund recently bought a new position in Huize stock. SmartHarvest Portfolios LLC bought a new stake in shares of Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,993 shares of the company’s stock, valued at approximately $34,000. SmartHarvest Portfolios LLC owned 0.12% of Huize as of its most recent SEC filing.
About Huize
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.
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