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

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 4,137 shares, a decline of 28.9% from the February 12th total of 5,820 shares. Based on an average daily trading volume, of 2,612 shares, the short-interest ratio is presently 1.6 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,612 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On CNFinance

An institutional investor recently raised its position in CNFinance stock. XTX Topco Ltd raised its position in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,079 shares of the company’s stock after purchasing an additional 37,359 shares during the quarter. XTX Topco Ltd owned 0.07% of CNFinance worth $32,000 at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of CNFinance in a report on Wednesday, January 21st. One 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

CNFinance Trading Down 1.9%

NYSE CNF traded down $0.09 during trading hours on Monday, hitting $4.71. 284 shares of the company’s stock were exchanged, compared to its average volume of 5,368. The company has a debt-to-equity ratio of 1.32, a quick ratio of 392.34 and a current ratio of 681.01. The firm has a market capitalization of $32.31 million, a P/E ratio of 1.52 and a beta of -0.11. The business’s 50 day moving average is $5.25 and its 200-day moving average is $4.95. CNFinance has a 12-month low of $2.36 and a 12-month high of $10.50.

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.