CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Short Interest Update

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 4,413 shares, a growth of 671.5% from the May 14th total of 572 shares. Based on an average trading volume of 6,460 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of CNFinance from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Institutional Trading of CNFinance

A hedge fund recently raised its stake in CNFinance stock. XTX Topco Ltd boosted its holdings in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,079 shares of the company’s stock after purchasing an additional 37,359 shares during the quarter. XTX Topco Ltd owned about 0.07% of CNFinance worth $32,000 at the end of the most recent quarter.

CNFinance Stock Down 1.3%

Shares of NYSE:CNF traded down $0.04 during trading on Wednesday, hitting $3.10. 1,863 shares of the company were exchanged, compared to its average volume of 6,141. The stock has a market capitalization of $21.27 million, a P/E ratio of 1.00 and a beta of -0.18. The company has a debt-to-equity ratio of 0.96, a current ratio of 772.09 and a quick ratio of 328.89. CNFinance has a 12-month low of $2.36 and a 12-month high of $8.80. The firm’s 50 day moving average price is $3.16 and its 200-day moving average price is $4.58.

CNFinance (NYSE:CNF) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($4.44) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($4.49). The firm had revenue of $0.02 million for the quarter, compared to analyst estimates of $67.51 million.

About CNFinance

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.