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

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 620 shares, a drop of 50.0% from the April 15th total of 1,241 shares. Based on an average trading volume of 3,001 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CNFinance stock. XTX Topco Ltd lifted its position in shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,079 shares of the company’s stock after buying an additional 37,359 shares during the quarter. XTX Topco Ltd owned approximately 0.07% of CNFinance worth $32,000 at the end of the most recent quarter.

CNFinance Trading Up 1.9%

NYSE:CNF opened at $3.75 on Monday. The company has a market capitalization of $25.73 million, a PE ratio of 1.21 and a beta of -0.24. The company has a quick ratio of 328.89, a current ratio of 772.09 and a debt-to-equity ratio of 0.96. CNFinance has a 52-week low of $2.36 and a 52-week high of $8.80. The stock has a fifty day simple moving average of $3.64 and a 200-day simple moving average of $4.80.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of CNFinance in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, CNFinance currently has a consensus rating of “Hold”.

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.