Short Interest in Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) Expands By 74.4%

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 57,090 shares, a growth of 74.4% from the June 15th total of 32,736 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 18,941 shares, the short-interest ratio is currently 3.0 days.

Huize Stock Down 3.5%

Huize stock opened at $1.24 on Friday. The firm has a market cap of $12.46 million, a PE ratio of 41.17 and a beta of 0.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.44 and a current ratio of 1.44. The firm’s 50 day moving average price is $1.38 and its two-hundred day moving average price is $1.74. Huize has a twelve month low of $1.04 and a twelve month high of $4.53.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Huize from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Huize

An institutional investor recently bought a new position in Huize stock. SmartHarvest Portfolios LLC purchased a new position in Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,993 shares of the company’s stock, valued at approximately $34,000. SmartHarvest Portfolios LLC owned about 0.12% of Huize at the end of the most recent quarter.

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.