Short Interest in Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) Increases By 8.1%

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF - Get Free Report) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 47,800 shares, an increase of 8.1% from the December 15th total of 44,200 shares. Based on an average daily volume of 7,300 shares, the short-interest ratio is presently 6.5 days.

Wall Street Analyst Weigh In

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

Fairfax Financial Stock Performance

OTCMKTS FRFHF traded up $11.22 on Monday, hitting $1,381.39. 2,782 shares of the company's stock were exchanged, compared to its average volume of 4,257. The firm has a market cap of $32.02 billion, a price-to-earnings ratio of 8.45 and a beta of 0.81. The firm's 50-day moving average price is $1,390.61 and its two-hundred day moving average price is $1,269.92. Fairfax Financial has a fifty-two week low of $904.98 and a fifty-two week high of $1,464.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 2.45.

Fairfax Financial Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th will be issued a $15.00 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 1.09%. Fairfax Financial's dividend payout ratio is presently 9.17%.

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.