Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) Short Interest Down 76.6% in January

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 11,084 shares, a drop of 76.6% from the December 31st total of 47,354 shares. Based on an average daily volume of 24,823 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 24,823 shares, the days-to-cover ratio is currently 0.4 days.

Huize Price Performance

NASDAQ HUIZ traded up $0.13 during mid-day trading on Wednesday, hitting $2.23. The stock had a trading volume of 2,153 shares, compared to its average volume of 15,985. The company has a 50 day simple moving average of $2.95 and a 200 day simple moving average of $3.01. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.02. The company has a market cap of $22.50 million, a price-to-earnings ratio of 74.33 and a beta of 0.46. Huize has a 52-week low of $1.50 and a 52-week high of $4.53.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Huize in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $2.30.

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.