CNFinance Holdings Limited (NYSE:CNF) Sees Significant Decrease in Short Interest

CNFinance Holdings Limited (NYSE:CNF) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 35,700 shares, a decline of 44.5% from the February 13th total of 64,300 shares. Based on an average daily trading volume, of 38,500 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CNFinance stock. XTX Topco Ltd bought a new stake in CNFinance Holdings Limited (NYSE:CNF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,006 shares of the company’s stock, valued at approximately $26,000.

CNFinance Price Performance

Shares of NYSE:CNF traded down $0.03 during midday trading on Friday, hitting $0.80. 415,853 shares of the stock were exchanged, compared to its average volume of 41,005. The company has a 50 day moving average price of $1.13 and a 200-day moving average price of $1.13. CNFinance has a twelve month low of $0.60 and a twelve month high of $2.84. The stock has a market cap of $54.85 million, a P/E ratio of 2.58 and a beta of 0.06. The company has a current ratio of 874.07, a quick ratio of 679.18 and a debt-to-equity ratio of 2.35.

CNFinance Company Profile

CNFinance Holdings Limited, through its subsidiaries, provides home equity loan services in the People's Republic of China. It offers micro credit loan services for micro and small-enterprise owners; and loan lending agency services for financial institutions. The company provides bridge loan products, which are unsecured short-term loans to pay off borrowers' existing loans secured by real property.