CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Short Interest Up 671.5% in May

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 4,413 shares, an increase of 671.5% from the May 14th total of 572 shares. Based on an average trading volume of 6,460 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are sold short.

CNFinance Stock Performance

NYSE:CNF opened at $3.07 on Friday. CNFinance has a twelve month low of $2.36 and a twelve month high of $8.80. The firm has a market capitalization of $21.03 million, a price-to-earnings ratio of 0.99 and a beta of -0.18. The company has a current ratio of 772.09, a quick ratio of 328.89 and a debt-to-equity ratio of 0.96. The firm’s fifty day simple moving average is $3.13 and its 200 day simple moving average is $4.56.

CNFinance (NYSE:CNF) last released its quarterly earnings results on Thursday, April 30th. The company reported ($4.44) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($4.49). The company had revenue of $0.02 million for the quarter, compared to analysts’ expectations of $67.51 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of CNFinance from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, CNFinance currently has an average rating of “Hold”.

Institutional Investors Weigh In On CNFinance

A hedge fund recently raised its stake in CNFinance stock. XTX Topco Ltd lifted its holdings in shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,079 shares of the company’s stock after buying an additional 37,359 shares during the period. XTX Topco Ltd owned 0.07% of CNFinance worth $32,000 at the end of the most recent reporting period.

About CNFinance

CNFinance Holdings Limited (NYSE: CNF) is a China-based holding company specializing in internet-based financial services for consumers and small- and medium-sized enterprises (SMEs). Through its subsidiaries, CNFinance develops and operates an online marketplace that connects individual and corporate borrowers with institutional and private capital providers. The company’s platform leverages technology to streamline the loan application process, enabling efficient access to credit in a traditionally underserved segment of the Chinese financial market.

The company’s core offerings include unsecured consumer loans, SME working capital financing, supply chain financing solutions and wealth management products.