Short Interest in Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Rises By 6.4%

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF - Get Free Report) was the recipient of a large growth in short interest in the month of 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 short-interest ratio is currently 14.2 days.

Fairfax Financial Stock Up 0.6 %

Shares of FRFHF traded up $8.02 during trading hours on Monday, reaching $1,367.23. 6,003 shares of the stock traded hands, compared to its average volume of 5,917. Fairfax Financial has a 52 week low of $873.50 and a 52 week high of $1,376.30. 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 has a fifty day simple moving average of $1,267.58 and a 200 day simple moving average of $1,183.90. The company has a market cap of $31.75 billion, a price-to-earnings ratio of 8.36 and a beta of 0.79.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upped their price target on shares of Fairfax Financial from $1,425.00 to $1,500.00 and gave the company an "outperform" rating in a research report 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.