Fairfax Financial Holdings Limited (OTCMKTS:FRFHF – Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 79,200 shares, a growth of 7.2% from the March 15th total of 73,900 shares. Based on an average daily volume of 21,000 shares, the short-interest ratio is currently 3.8 days.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada increased their price objective on shares of Fairfax Financial from $1,085.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th.
Check Out Our Latest Research Report on Fairfax Financial
Fairfax Financial Price Performance
Fairfax Financial (OTCMKTS:FRFHF – Get Free Report) last released its earnings results on Thursday, February 15th. The financial services provider reported $52.87 EPS for the quarter. Fairfax Financial had a return on equity of 18.14% and a net margin of 16.27%. The business had revenue of $6.90 billion for the quarter.
About Fairfax Financial
Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.
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