CNFinance Holdings Limited (NYSE:CNF) Short Interest Up 211.5% in March

CNFinance Holdings Limited (NYSE:CNF) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 111,200 shares, a growth of 211.5% from the February 28th total of 35,700 shares. Based on an average daily volume of 58,300 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of CNFinance

A hedge fund recently raised its stake in CNFinance stock. Gagnon Securities LLC raised its holdings in shares of CNFinance Holdings Limited (NYSE:CNF) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,688,732 shares of the company’s stock after purchasing an additional 77,454 shares during the quarter. Gagnon Securities LLC owned 2.46% of CNFinance worth $1,604,000 at the end of the most recent quarter.

CNFinance Price Performance

CNF opened at $0.80 on Friday. CNFinance has a twelve month low of $0.60 and a twelve month high of $2.84. The firm has a market cap of $62.31 million, a price-to-earnings 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. The company has a fifty day simple moving average of $1.07 and a 200 day simple moving average of $1.12.

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.