Short Interest in Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) Expands By 130.3%

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 105,828 shares, an increase of 130.3% from the July 30th total of 45,957 shares. Based on an average daily volume of 2,958,495 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.5% of the shares of the company are short sold.

Huize Stock Down 2.3%

Shares of NASDAQ:HUIZ traded down $0.04 during trading on Friday, reaching $1.67. 158,107 shares of the company traded hands, compared to its average volume of 816,314. The firm has a fifty day simple moving average of $1.29 and a 200 day simple moving average of $1.53. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.02. Huize has a 1-year low of $1.04 and a 1-year high of $4.53. The firm has a market cap of $16.85 million, a P/E ratio of 55.67 and a beta of 0.91.

Huize (NASDAQ:HUIZ) last announced its quarterly earnings results on Saturday, August 15th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $52.98 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Huize from a “sell (d-)” rating to a “sell (d+)” rating in a report on Wednesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average 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 Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 filing with the Securities and Exchange Commission (SEC).

Huize Company Profile

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.