AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) Sees Significant Growth in Short Interest

AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 30,526 shares, an increase of 151.8% from the May 31st total of 12,123 shares. Based on an average daily volume of 56,247 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.7% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings lowered AIFU from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Trading of AIFU

A hedge fund recently bought a new position in AIFU stock. Acadian Asset Management LLC purchased a new stake in AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 868,208 shares of the company’s stock, valued at approximately $182,000. Acadian Asset Management LLC owned approximately 1.50% of AIFU at the end of the most recent reporting period. Institutional investors own 26.72% of the company’s stock.

AIFU Price Performance

Shares of AIFU opened at $46.46 on Monday. The stock has a market cap of $287.12 million, a price-to-earnings ratio of 0.16 and a beta of 1.00. AIFU has a 12 month low of $20.00 and a 12 month high of $188.01. The company has a 50-day moving average price of $40.29 and a two-hundred day moving average price of $41.43.

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

About AIFU

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.