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

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of CNFinance from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

CNFinance Stock Down 1.3%

Shares of CNF stock traded down $0.04 during trading on Wednesday, reaching $3.10. The company’s stock had a trading volume of 1,863 shares, compared to its average volume of 6,141. The company has a debt-to-equity ratio of 0.96, a current ratio of 772.09 and a quick ratio of 328.89. The company has a market capitalization of $21.27 million, a price-to-earnings ratio of 1.00 and a beta of -0.18. The stock’s 50-day moving average price is $3.16 and its 200 day moving average price is $4.58. CNFinance has a 1-year low of $2.36 and a 1-year high of $8.80.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CNFinance stock. XTX Topco Ltd raised its position in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,079 shares of the company’s stock after acquiring an additional 37,359 shares during the quarter. XTX Topco Ltd owned approximately 0.07% of CNFinance worth $32,000 as of its most recent SEC filing.

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.