Short Interest in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Decreases By 33.3%

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 2,760 shares, a decline of 33.3% from the February 26th total of 4,137 shares. Based on an average daily trading volume, of 8,385 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of CNFinance

An institutional investor recently raised its position in CNFinance stock. XTX Topco Ltd increased its position in shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,079 shares of the company’s stock after purchasing an additional 37,359 shares during the period. XTX Topco Ltd owned about 0.07% of CNFinance worth $32,000 at the end of the most recent reporting period.

CNFinance Stock Performance

Shares of CNF traded up $0.03 during trading hours on Monday, reaching $4.00. 716 shares of the company traded hands, compared to its average volume of 5,765. The company has a debt-to-equity ratio of 1.32, a quick ratio of 392.34 and a current ratio of 681.01. The stock’s fifty day moving average is $5.07 and its 200 day moving average is $5.01. CNFinance has a 1-year low of $2.36 and a 1-year high of $9.60. The stock has a market cap of $27.47 million, a P/E ratio of 1.29 and a beta of -0.11.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of CNFinance in a research note on Wednesday, January 21st. One equities research 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 stock. According to MarketBeat, the company has a consensus rating of “Hold”.

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.