CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Sees Significant Decline in Short Interest

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 183 shares, a decline of 76.7% from the December 31st total of 784 shares. Based on an average trading volume of 9,908 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 9,908 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of CNFinance in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

CNFinance Trading Up 15.0%

NYSE:CNF traded up $0.75 during mid-day trading on Wednesday, hitting $5.76. 9,687 shares of the stock traded hands, compared to its average volume of 9,883. The company has a quick ratio of 392.34, a current ratio of 681.01 and a debt-to-equity ratio of 1.32. CNFinance has a 52 week low of $2.36 and a 52 week high of $13.90. The stock has a market capitalization of $39.51 million, a price-to-earnings ratio of 1.86 and a beta of -0.06. The firm’s 50 day moving average is $5.58 and its two-hundred day moving average is $5.27.

Institutional Investors Weigh In On CNFinance

A hedge fund recently raised its stake in CNFinance stock. Gagnon Advisors LLC increased its holdings in shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 100.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,569,434 shares of the company’s stock after acquiring an additional 784,717 shares during the period. CNFinance comprises 0.7% of Gagnon Advisors LLC’s portfolio, making the stock its 24th biggest position. Gagnon Advisors LLC owned about 2.29% of CNFinance worth $1,020,000 as of its most recent SEC filing.

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.