Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) Short Interest Update

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 58,032 shares, a drop of 37.0% from the May 14th total of 92,066 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 9,669 shares, the days-to-cover ratio is presently 6.0 days.

Institutional Inflows and Outflows

A hedge fund 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 its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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 reporting period.

Huize Stock Up 0.2%

Shares of NASDAQ HUIZ traded up $0.00 during mid-day trading on Wednesday, reaching $1.31. The company had a trading volume of 3,319 shares, compared to its average volume of 135,610. The stock’s 50 day moving average is $1.57 and its 200-day moving average is $2.08. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.44 and a current ratio of 1.44. Huize has a twelve month low of $1.19 and a twelve month high of $4.53. The stock has a market capitalization of $13.25 million, a PE ratio of 43.77 and a beta of 0.85.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Huize from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

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.