CNFinance Holdings Limited (NYSE:CNF) Short Interest Update

CNFinance Holdings Limited (NYSE:CNF) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 111,200 shares, an increase of 211.5% from the February 28th total of 35,700 shares. Based on an average trading volume of 58,300 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.2% of the company’s shares are short sold.

CNFinance Trading Up 0.6 %

Shares of CNF stock traded up $0.01 during trading hours on Thursday, reaching $0.81. 6,986 shares of the stock were exchanged, compared to its average volume of 72,591. The firm has a market capitalization of $63.01 million, a price-to-earnings ratio of 2.61 and a beta of 0.06. CNFinance has a 12-month low of $0.60 and a 12-month high of $2.84. The company’s 50-day moving average price is $1.08 and its 200-day moving average price is $1.12. The company has a current ratio of 874.07, a quick ratio of 679.18 and a debt-to-equity ratio of 2.35.

Institutional Trading of CNFinance

An institutional investor recently raised its position in CNFinance stock. Gagnon Securities LLC increased its holdings in shares of CNFinance Holdings Limited (NYSE:CNF) by 4.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,688,732 shares of the company’s stock after acquiring an additional 77,454 shares during the period. Gagnon Securities LLC owned about 2.46% of CNFinance worth $1,604,000 at the end of the most recent quarter.

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.