CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Short Interest Down 36.2% in August

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 5,649 shares, a decrease of 36.2% from the July 30th total of 8,848 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 8,916 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of CNFinance from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Trading of CNFinance

An institutional investor recently raised its stake in CNFinance stock. XTX Topco Ltd grew its holdings in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% during the second quarter, according to the company in its most recent filing with the SEC. 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 about 0.07% of CNFinance worth $32,000 at the end of the most recent reporting period.

CNFinance Stock Down 2.2%

Shares of CNF stock traded down $0.05 during trading hours on Tuesday, reaching $2.15. 1,030 shares of the stock were exchanged, compared to its average volume of 10,025. The business’s fifty day moving average is $2.46 and its two-hundred day moving average is $3.32. The company has a debt-to-equity ratio of 0.96, a current ratio of 772.09 and a quick ratio of 328.89. CNFinance has a 12-month low of $2.04 and a 12-month high of $6.49. The firm has a market capitalization of $14.76 million, a P/E ratio of 0.98 and a beta of -0.15.

CNFinance (NYSE:CNF) last posted 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 business had revenue of ($8.05) million for the quarter, compared to the consensus estimate 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.