Short Interest in CNFinance Holdings Limited (NYSE:CNF) Drops By 12.9%

CNFinance Holdings Limited (NYSE:CNF) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 132,300 shares, a drop of 12.9% from the October 31st total of 151,900 shares. Based on an average daily volume of 164,400 shares, the days-to-cover ratio is presently 0.8 days.

CNFinance Stock Performance

Shares of CNF traded up $0.04 during mid-day trading on Tuesday, hitting $0.92. The company’s stock had a trading volume of 54,928 shares, compared to its average volume of 53,852. The company has a debt-to-equity ratio of 2.35, a quick ratio of 679.18 and a current ratio of 874.07. CNFinance has a one year low of $0.86 and a one year high of $2.84. The stock’s 50-day moving average is $1.28 and its two-hundred day moving average is $1.29. The firm has a market capitalization of $63.09 million, a PE ratio of 2.97 and a beta of -0.03.

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.