Conifer Holdings, Inc. (NASDAQ:CNFR) Sees Significant Decline in Short Interest

Conifer Holdings, Inc. (NASDAQ:CNFR) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 3,100 shares, a drop of 62.2% from the February 13th total of 8,200 shares. Based on an average daily trading volume, of 9,800 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Conifer Trading Down 3.0 %

Shares of NASDAQ:CNFR traded down $0.02 during mid-day trading on Friday, reaching $0.78. 1,983 shares of the company’s stock were exchanged, compared to its average volume of 6,635. The firm has a market capitalization of $9.57 million, a price-to-earnings ratio of 0.32 and a beta of 0.55. Conifer has a twelve month low of $0.65 and a twelve month high of $1.91. The business’s fifty day moving average price is $1.01 and its 200-day moving average price is $1.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.66 and a current ratio of 0.66.

Hedge Funds Weigh In On Conifer

A hedge fund recently bought a new stake in Conifer stock. Citadel Advisors LLC bought a new stake in shares of Conifer Holdings, Inc. (NASDAQ:CNFR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,412 shares of the insurance provider’s stock, valued at approximately $26,000. Citadel Advisors LLC owned 0.18% of Conifer as of its most recent filing with the Securities and Exchange Commission. 34.88% of the stock is currently owned by hedge funds and other institutional investors.

About Conifer

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. The company offers insurance coverage in specialty commercial and personal product lines. It also underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.