Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ – Get Free Report) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 47,354 shares, a growth of 106.0% from the December 15th total of 22,989 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 41,636 shares, the short-interest ratio is currently 1.1 days. Based on an average trading volume of 41,636 shares, the short-interest ratio is currently 1.1 days. Currently, 0.7% of the company’s shares are sold short.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Huize in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $2.30.
Read Our Latest Stock Analysis on Huize
Huize Stock Up 1.8%
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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