CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Shares Shorted: Short Interest Down 42.8% in September

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 2,705 shares, a drop of 42.8% from the September 15th total of 4,730 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 4,854 shares, the days-to-cover ratio is presently 0.6 days.

CNFinance Price Performance

CNF traded down $0.00 during midday trading on Friday, reaching $1.96. 3,000 shares of the company’s stock were exchanged, compared to its average volume of 7,846. CNFinance has a 1-year low of $1.37 and a 1-year high of $6.49. The stock has a market capitalization of $13.44 million, a PE ratio of 1.40 and a beta of 0.17. The company has a debt-to-equity ratio of 0.95, a current ratio of 1,057.43 and a quick ratio of 430.62. The business’s 50-day moving average price is $2.06 and its 200 day moving average price is $2.62.

CNFinance (NYSE:CNF) last issued its quarterly earnings data on Saturday, August 29th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.33). The firm had revenue of ($8.05) million for the quarter, compared to analyst estimates of $61.55 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of CNFinance from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, September 9th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, CNFinance has an average rating of “Sell”.

CNFinance Company Profile

CNFinance Holdings Limited is a China-based financial services company that facilitates home equity loans. The company connects property owners and other borrowers with financial institutions and helps support the origination and servicing of loans secured by residential or commercial real estate.

CNFinance primarily serves micro and small business owners, self-employed individuals, and other borrowers who may use home equity to obtain funding for business operations, working capital, or personal financial needs.