CNFinance Holdings Limited (NYSE:CNF) Short Interest Down 17.4% in February

CNFinance Holdings Limited (NYSE:CNF) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 64,300 shares, a drop of 17.4% from the January 31st total of 77,800 shares. Based on an average daily volume of 40,000 shares, the short-interest ratio is currently 1.6 days.

Hedge Funds Weigh In On CNFinance

A hedge fund recently raised its stake in CNFinance stock. Gagnon Securities LLC raised its holdings in CNFinance Holdings Limited (NYSE:CNF) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,688,732 shares of the company’s stock after purchasing an additional 77,454 shares during the quarter. Gagnon Securities LLC owned 2.46% of CNFinance worth $1,604,000 as of its most recent SEC filing.

CNFinance Price Performance

CNF traded down $0.01 on Friday, hitting $1.01. 23,428 shares of the company’s stock were exchanged, compared to its average volume of 29,419. CNFinance has a fifty-two week low of $0.81 and a fifty-two week high of $2.84. The stock has a market cap of $68.92 million, a price-to-earnings ratio of 3.24 and a beta of 0.06. The firm has a 50-day moving average price of $1.13 and a 200-day moving average price of $1.14. The company has a current ratio of 874.07, a quick ratio of 679.18 and a debt-to-equity ratio of 2.35.

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.