CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Sees Large Growth in Short Interest

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 5,820 shares, an increase of 39.1% from the January 29th total of 4,184 shares. Based on an average daily volume of 4,607 shares, the short-interest ratio is presently 1.3 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 4,607 shares, the short-interest ratio is presently 1.3 days.

CNFinance Stock Down 3.1%

Shares of NYSE CNF traded down $0.16 during midday trading on Wednesday, hitting $4.99. 109 shares of the stock traded hands, compared to its average volume of 6,564. The company has a debt-to-equity ratio of 1.32, a quick ratio of 392.34 and a current ratio of 681.01. CNFinance has a one year low of $2.36 and a one year high of $10.70. The business has a 50 day moving average price of $5.47 and a two-hundred day moving average price of $4.96. The company has a market cap of $34.23 million, a PE ratio of 1.61 and a beta of -0.11.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of CNFinance in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CNFinance stock. XTX Topco Ltd lifted its holdings in shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,079 shares of the company’s stock after acquiring an additional 37,359 shares during the period. XTX Topco Ltd owned approximately 0.07% of CNFinance worth $32,000 at the end of the most recent reporting period.

About CNFinance

CNFinance Holdings Limited (NYSE: CNF) is a China-based holding company specializing in internet-based financial services for consumers and small- and medium-sized enterprises (SMEs). Through its subsidiaries, CNFinance develops and operates an online marketplace that connects individual and corporate borrowers with institutional and private capital providers. The company’s platform leverages technology to streamline the loan application process, enabling efficient access to credit in a traditionally underserved segment of the Chinese financial market.

The company’s core offerings include unsecured consumer loans, SME working capital financing, supply chain financing solutions and wealth management products.