CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Short Interest Down 36.5% in August

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 3,586 shares, a decline of 36.5% from the August 15th total of 5,649 shares. Based on an average daily volume of 4,445 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.1% of the shares of the company are sold short.

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 Wednesday, September 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

CNFinance Price Performance

Shares of CNFinance stock traded down $0.01 during trading on Thursday, hitting $1.82. 3,073 shares of the company’s stock traded hands, compared to its average volume of 9,673. 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 company has a market cap of $12.49 million, a PE ratio of 0.83 and a beta of -0.14. CNFinance has a twelve month low of $1.76 and a twelve month high of $6.49. The firm’s fifty day moving average price is $2.26 and its 200 day moving average price is $3.03.

CNFinance (NYSE:CNF) last announced its quarterly earnings results on Saturday, August 29th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.33). The company had revenue of ($8.05) million during the quarter, compared to analyst estimates of $61.55 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.