CNFinance Holdings Limited (NYSE:CNF) Short Interest Update

CNFinance Holdings Limited (NYSE:CNF) saw a significant growth in short interest during 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. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 58,300 shares, the short-interest ratio is currently 1.9 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CNFinance stock. XTX Topco Ltd acquired a new stake in CNFinance Holdings Limited (NYSE:CNF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 27,006 shares of the company’s stock, valued at approximately $26,000.

CNFinance Price Performance

CNF stock traded up $0.01 during trading on Thursday, hitting $0.81. 6,986 shares of the company’s stock traded hands, compared to its average volume of 72,591. CNFinance has a 52 week low of $0.60 and a 52 week high of $2.84. The stock has a market capitalization of $63.01 million, a price-to-earnings ratio of 2.61 and a beta of 0.06. The business has a fifty day simple moving average of $1.08 and a 200 day simple moving average of $1.12. The company has a debt-to-equity ratio of 2.35, a quick ratio of 679.18 and a current ratio of 874.07.

About CNFinance

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.