Conifer Holdings, Inc. (NASDAQ:CNFR) Short Interest Down 61.1% in January

Conifer Holdings, Inc. (NASDAQ:CNFR) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 5,100 shares, a decrease of 61.1% from the December 31st total of 13,100 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 16,300 shares, the days-to-cover ratio is currently 0.3 days.

Insider Activity at Conifer

In related news, CEO Brian J. Roney sold 100,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $2.00, for a total value of $200,000.00. Following the completion of the sale, the chief executive officer now owns 410,232 shares of the company’s stock, valued at approximately $820,464. This represents a 19.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 70.40% of the stock is currently owned by insiders.

Conifer Stock Down 4.2 %

Shares of NASDAQ CNFR traded down $0.05 during midday trading on Friday, hitting $1.04. The company’s stock had a trading volume of 764 shares, compared to its average volume of 3,909. The business’s fifty day simple moving average is $1.09 and its two-hundred day simple moving average is $1.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.66 and a quick ratio of 0.66. Conifer has a 1 year low of $0.65 and a 1 year high of $1.91. The firm has a market capitalization of $12.65 million, a price-to-earnings ratio of 0.43 and a beta of 0.56.

About Conifer

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.