Short Interest in CNFinance Holdings Limited (NYSE:CNF) Expands By 233.3%

CNFinance Holdings Limited (NYSE:CNFGet Free Report) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 8,000 shares, an increase of 233.3% from the January 15th total of 2,400 shares. Based on an average daily trading volume, of 17,800 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Avantax Advisory Services Inc. purchased a new stake in CNFinance during the third quarter valued at approximately $39,000. State Street Corp raised its stake in shares of CNFinance by 77.0% in the second quarter. State Street Corp now owns 22,300 shares of the company’s stock valued at $65,000 after acquiring an additional 9,700 shares during the period. Creative Planning purchased a new stake in CNFinance in the 4th quarter valued at about $33,000. Dimensional Fund Advisors LP boosted its holdings in shares of CNFinance by 6.7% in the third quarter. Dimensional Fund Advisors LP now owns 202,740 shares of the company’s stock valued at $511,000 after purchasing an additional 12,644 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in CNFinance in the second quarter worth approximately $848,000.

CNFinance Price Performance

NYSE CNF opened at $2.14 on Tuesday. The company has a quick ratio of 453.76, a current ratio of 558.75 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $146.76 million, a P/E ratio of 6.48 and a beta of 0.06. The company has a 50-day moving average price of $2.21 and a 200-day moving average price of $2.71. CNFinance has a 52 week low of $1.53 and a 52 week high of $4.10.

CNFinance (NYSE:CNFGet Free Report) last announced its quarterly earnings data on Wednesday, November 29th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). CNFinance had a net margin of 9.73% and a return on equity of 4.33%. The business had revenue of $33.46 million during the quarter. Equities research analysts anticipate that CNFinance will post 0.37 earnings per share for the current year.

CNFinance Company Profile

(Get Free Report)

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.

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