CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Short Interest Update

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 620 shares, a decrease of 50.0% from the April 15th total of 1,241 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 3,001 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On CNFinance

An institutional investor recently raised its position in CNFinance stock. XTX Topco Ltd boosted its holdings in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,079 shares of the company’s stock after acquiring an additional 37,359 shares during the quarter. XTX Topco Ltd owned 0.07% of CNFinance worth $32,000 at the end of the most recent reporting period.

CNFinance Price Performance

NYSE CNF traded up $0.10 on Friday, hitting $3.75. The stock had a trading volume of 9,866 shares, compared to its average volume of 6,870. CNFinance has a 52-week low of $2.36 and a 52-week high of $8.80. The company has a debt-to-equity ratio of 0.96, a quick ratio of 328.89 and a current ratio of 772.09. The company has a market capitalization of $25.73 million, a price-to-earnings ratio of 1.21 and a beta of -0.24. The firm has a 50-day moving average of $3.64 and a 200-day moving average of $4.80.

CNFinance (NYSE:CNF) last released its quarterly earnings results on Thursday, April 30th. The company reported ($4.44) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($4.49). The firm had revenue of $0.02 million for the quarter, compared to analysts’ expectations of $67.51 million.

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.