CNFinance Holdings Limited (NYSE:CNF – Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 4,100 shares, a decrease of 34.9% from the May 15th total of 6,300 shares. Based on an average daily trading volume, of 13,500 shares, the short-interest ratio is presently 0.3 days.
Institutional Trading of CNFinance
An institutional investor recently bought a new position in CNFinance stock. Avantax Advisory Services Inc. bought a new stake in shares of CNFinance Holdings Limited (NYSE:CNF – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,321 shares of the company’s stock, valued at approximately $39,000.
CNFinance Trading Up 0.3 %
CNFinance stock traded up $0.01 during mid-day trading on Friday, hitting $1.67. The company’s stock had a trading volume of 12,683 shares, compared to its average volume of 11,913. The business has a 50 day moving average price of $1.71 and a 200-day moving average price of $2.01. CNFinance has a 12 month low of $1.39 and a 12 month high of $4.10. The stock has a market cap of $114.19 million, a price-to-earnings ratio of 5.37 and a beta of 0.03. The company has a debt-to-equity ratio of 2.23, a current ratio of 532.70 and a quick ratio of 436.40.
About CNFinance
CNFinance Holdings Limited, through its subsidiaries, provides home equity loan services in the People's Republic of China. It offers micro credit loan services for micro and small-enterprise owners; and loan lending agency services for financial institutions. The company provides bridge loan products, which are unsecured short-term loans to pay off borrowers' existing loans secured by real property.
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