FedNat Holding Company (NASDAQ:FNHC) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 119,000 shares, an increase of 7.2% from the January 15th total of 111,000 shares. Based on an average daily trading volume, of 61,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.0% of the company’s shares are sold short.
NASDAQ:FNHC traded up $0.14 during midday trading on Friday, hitting $15.90. The stock had a trading volume of 31,390 shares. FedNat has a one year low of $11.18 and a one year high of $19.13. The stock has a 50-day moving average of $15.93 and a 200 day moving average of $14.52.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 14th will be paid a $0.09 dividend. The ex-dividend date is Thursday, February 13th. This represents a $0.36 annualized dividend and a yield of 2.26%. FedNat’s dividend payout ratio (DPR) is currently 25.71%.
Several research analysts recently issued reports on FNHC shares. Zacks Investment Research raised FedNat from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. ValuEngine cut FedNat from a “buy” rating to a “hold” rating in a research note on Friday, November 1st.
FedNat Holding Company, through its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in the United States. The company is involved in the homeowners, and fire property and casualty insurance; and personal automobile insurance businesses, as well as commercial general liability and federal flood businesses.
Read More: What is a Call Option?
Receive News & Ratings for FedNat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedNat and related companies with MarketBeat.com's FREE daily email newsletter.