Conifer Holdings, Inc. (NASDAQ:CNFR) Sees Significant Growth in Short Interest

Conifer Holdings, Inc. (NASDAQ:CNFR) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 8,500 shares, a growth of 372.2% from the June 15th total of 1,800 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 8,300 shares, the short-interest ratio is currently 1.0 days.

Conifer Stock Performance

Shares of NASDAQ CNFR traded down $0.08 during trading on Friday, reaching $0.81. The stock had a trading volume of 11,560 shares, compared to its average volume of 9,100. The company has a market cap of $9.90 million, a P/E ratio of -0.37 and a beta of 0.62. The business’s 50-day moving average price is $0.91 and its 200-day moving average price is $1.08. Conifer has a fifty-two week low of $0.65 and a fifty-two week high of $1.68.

Conifer (NASDAQ:CNFR) last released its earnings results on Tuesday, May 14th. The insurance provider reported $0.02 EPS for the quarter. Conifer had a negative return on equity of 524.00% and a negative net margin of 27.43%. The firm had revenue of $23.08 million during the quarter.

Conifer Company Profile

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. The company offers insurance coverage in specialty commercial and personal product lines. It also underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.