CNFinance Holdings Limited (NYSE:CNF) Short Interest Update

CNFinance Holdings Limited (NYSE:CNF) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 35,700 shares, a drop of 44.5% from the February 13th total of 64,300 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 38,500 shares, the days-to-cover ratio is currently 0.9 days.

CNFinance Stock Performance

Shares of CNF stock traded down $0.03 during midday trading on Friday, hitting $0.80. The company had a trading volume of 415,853 shares, compared to its average volume of 41,005. CNFinance has a 52-week low of $0.60 and a 52-week high of $2.84. The company has a debt-to-equity ratio of 2.35, a current ratio of 874.07 and a quick ratio of 679.18. The company’s 50 day simple moving average is $1.13 and its 200 day simple moving average is $1.13. The stock has a market cap of $54.85 million, a price-to-earnings ratio of 2.58 and a beta of 0.06.

Hedge Funds Weigh In On CNFinance

An institutional investor recently bought a new position in CNFinance stock. XTX Topco Ltd bought a new stake in CNFinance Holdings Limited (NYSE:CNF) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 27,006 shares of the company’s stock, valued at approximately $26,000.

CNFinance Company Profile

CNFinance Holdings Limited, through its subsidiaries, provides home equity loan services in the People's Republic of China. It offers micro credit loan services for micro and small-enterprise owners; and loan lending agency services for financial institutions. The company provides bridge loan products, which are unsecured short-term loans to pay off borrowers' existing loans secured by real property.