Short Interest in Huize Holding Limited (NASDAQ:HUIZ) Declines By 6.1%

Huize Holding Limited (NASDAQ:HUIZ) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 156,900 shares, a decline of 6.1% from the March 15th total of 167,100 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 32,800 shares, the days-to-cover ratio is currently 4.8 days.

Huize Price Performance

Shares of Huize stock traded up $0.01 on Wednesday, reaching $0.60. 2,101 shares of the company were exchanged, compared to its average volume of 31,301. The stock’s 50 day moving average price is $0.67 and its 200-day moving average price is $0.81. The company has a market cap of $30.70 million, a P/E ratio of 2.95 and a beta of 0.51. Huize has a 1-year low of $0.53 and a 1-year high of $2.08.

Huize (NASDAQ:HUIZ) last posted its earnings results on Wednesday, March 20th. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $33.24 million during the quarter. Huize had a return on equity of 18.42% and a net margin of 5.88%.

Institutional Investors Weigh In On Huize

A hedge fund recently raised its stake in Huize stock. Citadel Advisors LLC raised its position in Huize Holding Limited (NASDAQ:HUIZ) by 86.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,947 shares of the company’s stock after buying an additional 14,824 shares during the quarter. Citadel Advisors LLC owned approximately 0.06% of Huize worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

About Huize

Huize Holding Limited, together with its subsidiaries, offers insurance brokerage services in the People's Republic of China. The company provides life and health insurance products, such as critical illness, illness and disease, and term and whole life insurance products; and property and casualty insurance products, including travel, individual casualty, and corporate liability insurance products.