CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Stock Short Interest Falls 42.8%

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the target of a significant drop in short interest during the month of 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. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 4,854 shares, the short-interest ratio is currently 0.6 days.

CNFinance Stock Performance

CNF stock traded down $0.00 during midday trading on Friday, reaching $1.96. 3,000 shares of the company’s stock traded hands, compared to its average volume of 7,846. The company has a current ratio of 1,057.43, a quick ratio of 430.62 and a debt-to-equity ratio of 0.95. CNFinance has a 52-week low of $1.37 and a 52-week high of $6.49. The stock has a market cap of $13.44 million, a P/E ratio of 1.40 and a beta of 0.17. The stock’s 50-day moving average is $2.06 and its 200 day moving average is $2.62.

CNFinance (NYSE:CNF) last issued its quarterly earnings results on Saturday, August 29th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded CNFinance from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, September 9th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus 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.