CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Short Interest Update

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,941 shares, a decrease of 56.0% from the May 31st total of 4,413 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 2,312 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in CNFinance stock. XTX Topco Ltd boosted its stake in shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,079 shares of the company’s stock after acquiring an additional 37,359 shares during the quarter. XTX Topco Ltd owned 0.07% of CNFinance worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised CNFinance from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

CNFinance Price Performance

Shares of CNF stock traded up $0.10 during trading hours on Tuesday, hitting $2.82. 5,715 shares of the company’s stock were exchanged, compared to its average volume of 2,581. The company has a market capitalization of $19.37 million, a PE ratio of 0.91 and a beta of -0.18. CNFinance has a 12-month low of $2.36 and a 12-month high of $8.80. The business’s 50 day simple moving average is $3.09 and its 200-day simple moving average is $4.31. The company has a current ratio of 772.09, a quick ratio of 328.89 and a debt-to-equity ratio of 0.96.

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

CNFinance Company Profile

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.