CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Stock Short Interest Report for September

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,705 shares, a drop of 42.8% from the September 15th total of 4,730 shares. Based on an average daily trading volume, of 4,854 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the shares of the company are short sold.

CNFinance Stock Performance

CNFinance stock traded down $0.07 on Thursday, reaching $1.96. 7,470 shares of the stock were exchanged, compared to its average volume of 9,478. The firm has a fifty day moving average price of $2.07 and a two-hundred day moving average price of $2.64. CNFinance has a twelve month low of $1.37 and a twelve month high of $6.49. The stock has a market cap of $13.42 million, a PE ratio of 1.40 and a beta of 0.17. The company has a current ratio of 1,057.43, a quick ratio of 430.62 and a debt-to-equity ratio of 0.95.

CNFinance (NYSE:CNF) last announced its quarterly earnings results on Saturday, August 29th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.33). The company had revenue of ($8.05) million during the quarter, compared to analyst estimates of $61.55 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of CNFinance from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About CNFinance

CNFinance Holdings Limited is a China-based financial services company that facilitates home equity loans. The company connects property owners and other borrowers with financial institutions and helps support the origination and servicing of loans secured by residential or commercial real estate.

CNFinance primarily serves micro and small business owners, self-employed individuals, and other borrowers who may use home equity to obtain funding for business operations, working capital, or personal financial needs.