CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Short Interest Down 73.6% in December

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 851 shares, a decline of 73.6% from the November 30th total of 3,226 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 12,460 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 12,460 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

CNFinance Price Performance

CNFinance stock traded up $0.05 during midday trading on Friday, reaching $6.24. 2,217 shares of the company were exchanged, compared to its average volume of 8,336. The firm’s 50-day simple moving average is $5.38 and its 200-day simple moving average is $5.42. CNFinance has a 1 year low of $2.36 and a 1 year high of $13.90. The company has a market capitalization of $42.80 million and a price-to-earnings ratio of 2.01. The company has a debt-to-equity ratio of 1.32, a quick ratio of 392.34 and a current ratio of 681.01.

Hedge Funds Weigh In On CNFinance

An institutional investor recently raised its position in CNFinance stock. Gagnon Advisors LLC boosted its position in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 100.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,569,434 shares of the company’s stock after acquiring an additional 784,717 shares during the period. CNFinance comprises approximately 0.7% of Gagnon Advisors LLC’s holdings, making the stock its 24th biggest holding. Gagnon Advisors LLC owned 2.29% of CNFinance worth $1,020,000 at the end of the most recent quarter.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Greenridge Global raised CNFinance to a “strong-buy” rating in a report on Friday, September 5th. Zacks Research raised CNFinance to a “hold” rating in a research note on Thursday, September 11th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of CNFinance in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

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.