Conifer Holdings, Inc. (NASDAQ:CNFR) Short Interest Down 62.2% in February

Conifer Holdings, Inc. (NASDAQ:CNFR) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 3,100 shares, a drop of 62.2% from the February 13th total of 8,200 shares. Based on an average trading volume of 9,800 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Conifer Price Performance

NASDAQ CNFR opened at $0.81 on Thursday. The business has a 50 day simple moving average of $1.01 and a 200 day simple moving average of $1.08. Conifer has a 52-week low of $0.65 and a 52-week high of $1.91. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market cap of $9.87 million, a price-to-earnings ratio of 0.33 and a beta of 0.55.

Hedge Funds Weigh In On Conifer

A hedge fund recently bought a new stake in Conifer stock. Citadel Advisors LLC bought a new position in shares of Conifer Holdings, Inc. (NASDAQ:CNFR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 22,412 shares of the insurance provider’s stock, valued at approximately $26,000. Citadel Advisors LLC owned approximately 0.18% of Conifer as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 34.88% of the company’s stock.

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.