Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) Short Interest Up 518.5% in August

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 654,597 shares, a growth of 518.5% from the August 15th total of 105,828 shares. Approximately 9.3% of the company’s stock are short sold. Based on an average daily trading volume, of 7,692,317 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Huize

An institutional investor recently bought a new stake in Huize stock. SmartHarvest Portfolios LLC bought a new position in Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,993 shares of the company’s stock, valued at approximately $34,000. SmartHarvest Portfolios LLC owned approximately 0.12% of Huize as of its most recent filing with the Securities and Exchange Commission (SEC).

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Huize from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Huize Stock Down 3.8%

HUIZ stock traded down $0.06 on Friday, reaching $1.53. 23,817 shares of the company traded hands, compared to its average volume of 4,402,692. The firm has a fifty day simple moving average of $1.37 and a 200-day simple moving average of $1.50. The company has a market cap of $15.44 million, a P/E ratio of 51.00 and a beta of 1.00. Huize has a one year low of $1.04 and a one year high of $4.53. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.44 and a quick ratio of 1.44.

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