CNFinance Holdings Limited (NYSE:CNF) Sees Significant Decrease in Short Interest

CNFinance Holdings Limited (NYSE:CNFGet Free Report) saw a significant drop in short interest in 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. Based on an average daily volume of 38,500 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.1% of the company’s stock are short sold.

CNFinance Stock Down 3.6 %

CNF stock traded down $0.03 during midday trading on Friday, reaching $0.80. 415,853 shares of the company were exchanged, compared to its average volume of 41,005. The company has a debt-to-equity ratio of 2.35, a quick ratio of 679.18 and a current ratio of 874.07. CNFinance has a 1-year low of $0.60 and a 1-year high of $2.84. The stock’s 50-day simple moving average is $1.13 and its 200 day simple moving average is $1.13. The company 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 acquired a new stake in CNFinance Holdings Limited (NYSE:CNFFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 27,006 shares of the company’s stock, valued at approximately $26,000.

CNFinance Company Profile

(Get Free Report)

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.

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