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

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 4,413 shares, a growth of 671.5% from the May 14th total of 572 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 6,460 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Ratings Changes

Separately, Weiss Ratings lowered CNFinance from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, CNFinance has a consensus rating of “Hold”.

Institutional Trading of CNFinance

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

CNFinance Price Performance

NYSE:CNF traded down $0.04 during trading hours on Thursday, reaching $3.07. The company had a trading volume of 835 shares, compared to its average volume of 6,090. The stock has a 50-day moving average of $3.14 and a two-hundred day moving average of $4.57. CNFinance has a one year low of $2.36 and a one year high of $8.80. The firm has a market capitalization of $21.02 million, a PE ratio of 0.99 and a beta of -0.18. The company has a quick ratio of 328.89, a current ratio of 772.09 and a debt-to-equity ratio of 0.96.

CNFinance (NYSE:CNF) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($4.44) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($4.49). The business had revenue of $0.02 million during 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.