CNFinance Holdings Limited (NYSE:CNF – Get 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:CNF – Free 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
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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