Short Interest in AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) Decreases By 93.7%

AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,920 shares, a decrease of 93.7% from the June 15th total of 30,526 shares. Based on an average trading volume of 29,308 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On AIFU

An institutional investor recently bought a new stake in AIFU stock. Acadian Asset Management LLC bought a new stake in AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 868,208 shares of the company’s stock, valued at approximately $182,000. Acadian Asset Management LLC owned 1.50% of AIFU as of its most recent SEC filing. Institutional investors and hedge funds own 26.72% of the company’s stock.

AIFU Price Performance

Shares of NASDAQ:AIFU traded down $1.34 during midday trading on Friday, reaching $36.99. 15,103 shares of the company’s stock were exchanged, compared to its average volume of 4,024. The stock has a market cap of $228.60 million, a price-to-earnings ratio of 0.16 and a beta of 0.98. AIFU has a fifty-two week low of $20.00 and a fifty-two week high of $188.01. The firm’s 50 day simple moving average is $42.76 and its two-hundred day simple moving average is $40.40.

AIFU (NASDAQ:AIFU) last posted its earnings results on Tuesday, April 28th. The company reported ($4,060.30) EPS for the quarter, missing analysts’ consensus estimates of $237.20 by ($4,297.50). The business had revenue of $19.02 million for the quarter, compared to the consensus estimate of $453.00 million.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered AIFU from a “sell (d)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

AIFU Company Profile

AIX, Inc engages in the provision of agency services and insurance claims adjusting services. It operates through the Insurance Agency and Claims Adjusting segments. The Insurance Agency segment includes providing agency services for insurance products and life insurance products. The Claims Adjusting segment provides pre-underwriting survey services, claims adjusting services, disposal of residual value services, loading and unloading supervision services, and consulting services. The company was founded by Yin An Hu and Qiu Ping Lai in 1998 and is headquartered in Guangzhou, China.