AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) Sees Significant Decrease in Short Interest

AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 5,185 shares, a decrease of 48.2% from the March 15th total of 10,015 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 6,726 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On AIFU

An institutional investor recently bought a new position in AIFU stock. Acadian Asset Management LLC purchased a new stake in AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 868,208 shares of the company’s stock, valued at approximately $182,000. Acadian Asset Management LLC owned about 1.50% of AIFU as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 26.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of AIFU from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

AIFU Stock Performance

Shares of NASDAQ:AIFU opened at $1.33 on Tuesday. The company has a market cap of $3.86 million, a P/E ratio of 0.09 and a beta of 0.77. The stock’s 50-day moving average is $1.70 and its 200-day moving average is $2.88. AIFU has a 52-week low of $1.00 and a 52-week high of $9.40.

AIFU Company Profile

AIX, Inc engages in the provision of agency services and insurance claims adjusting services. It operates through the Insurance Agency and Claims Adjusting segments. The Insurance Agency segment includes providing agency services for insurance products and life insurance products. The Claims Adjusting segment provides pre-underwriting survey services, claims adjusting services, disposal of residual value services, loading and unloading supervision services, and consulting services. The company was founded by Yin An Hu and Qiu Ping Lai in 1998 and is headquartered in Guangzhou, China.