Fidelis Insurance Holdings Limited (NYSE: FIHL) experienced a notable decrease in short interest during January 2024. As of January 30, short interest fell to **1,121,556 shares**, representing a **19.0%** decline from the **1,384,112 shares** reported on January 15. This reduction indicates that about **1.0%** of the company’s shares are currently sold short.
The days-to-cover ratio, calculated based on the average daily trading volume of **320,728 shares**, stands at **3.5 days**. This metric provides insight into the liquidity and trading dynamics surrounding Fidelis shares, which have shown varied performance in recent months.
On January 29, shares of Fidelis Insurance traded down by **$0.13**, reaching **$19.65** during midday trading. The trading volume was **313,580 shares**, slightly below its average of **321,765 shares**. Over the past year, the stock has fluctuated between a low of **$14.17** and a high of **$20.00**. Current financial metrics reveal a **current ratio of 0.74**, a **quick ratio of 0.74**, and a **debt-to-equity ratio of 0.35**. The stock has a **50-day moving average price of $19.15** and a **200-day moving average price of $18.29**. With a market capitalization of **$2.18 billion** and a price-to-earnings (PE) ratio of **-393.06**, the stock exhibits a beta of **0.25**, indicating lower volatility compared to the broader market.
Institutional Investment Trends
Recent activities by large investors suggest a growing interest in Fidelis Insurance. For example, **North Capital Inc.** purchased a new stake valued at approximately **$33,000** in the second quarter. Similarly, **Focus Partners Wealth** acquired a stake worth **$77,000** in the third quarter.
**Ameritas Investment Partners Inc.** increased its holdings by **15.3%** during the second quarter, now owning **6,088 shares** valued at **$101,000** after adding **810 shares**. **CWM LLC** significantly boosted its position by **444.4%**, acquiring **7,131 shares** valued at **$118,000**. Furthermore, **Tower Research Capital LLC (TRC)** grew its stake by **58.9%**, owning **7,786 shares** worth **$129,000** after purchasing an additional **2,885 shares**.
Overall, approximately **81.99%** of Fidelis Insurance stock is held by hedge funds and institutional investors, indicating strong institutional backing for the company.
About Fidelis Insurance Holdings
Founded in **2015**, Fidelis Insurance Holdings Ltd is a Bermuda-incorporated specialty insurer and reinsurer. The company underwrites a diverse array of liability and property risks, having completed its initial public offering on the New York Stock Exchange in **2016** under the ticker **FIHL**.
Fidelis specializes in providing tailored solutions for complex risks that traditional insurers may struggle to accommodate. By leveraging data analytics and underwriting expertise, the company structures policies across various industry segments. Its product portfolio includes casualty lines such as general liability, excess and umbrella, professional indemnity, along with property, marine, energy, and specialty programs.
The recent changes in short interest, trading performance, and institutional interest highlight a dynamic period for Fidelis Insurance, reflecting both market conditions and investor sentiment.
