CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Short Interest Down 36.2% in August

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 5,649 shares, a decrease of 36.2% from the July 30th total of 8,848 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 8,916 shares, the short-interest ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of CNFinance from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, CNFinance has an average rating of “Hold”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CNFinance stock. XTX Topco Ltd increased its position in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,079 shares of the company’s stock after acquiring an additional 37,359 shares during the period. XTX Topco Ltd owned approximately 0.07% of CNFinance worth $32,000 as of its most recent SEC filing.

CNFinance Price Performance

Shares of CNF traded down $0.05 during mid-day trading on Tuesday, hitting $2.15. The company’s stock had a trading volume of 1,030 shares, compared to its average volume of 10,025. The firm has a 50-day simple moving average of $2.46 and a 200 day simple moving average of $3.32. CNFinance has a 1-year low of $2.04 and a 1-year high of $6.49. The firm has a market capitalization of $14.76 million, a P/E ratio of 0.98 and a beta of -0.15. The company has a current ratio of 772.09, a quick ratio of 328.89 and a debt-to-equity ratio of 0.96.

CNFinance (NYSE:CNF) last released its earnings results on Saturday, August 29th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.33). The business had revenue of ($8.05) million during the quarter, compared to the consensus estimate of $61.55 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.