Short Interest in Conifer Holdings, Inc. (NASDAQ:CNFR) Decreases By 55.7%

Conifer Holdings, Inc. (NASDAQ:CNFR) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 22,100 shares, a drop of 55.7% from the September 15th total of 49,900 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 1,810,000 shares, the days-to-cover ratio is presently 0.0 days.

Conifer Stock Performance

Shares of CNFR stock remained flat at $1.15 during mid-day trading on Friday. 7,696 shares of the company’s stock traded hands, compared to its average volume of 676,216. The stock’s 50-day moving average price is $0.98 and its two-hundred day moving average price is $0.95. Conifer has a 1-year low of $0.65 and a 1-year high of $1.91.

Conifer (NASDAQ:CNFR) last issued its quarterly earnings data on Tuesday, August 13th. The insurance provider reported ($0.30) EPS for the quarter. Conifer had a negative net margin of 25.94% and a negative return on equity of 524.00%. The business had revenue of $26.85 million for the quarter.

About Conifer

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. The company offers insurance coverage in specialty commercial and personal product lines. It also underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.