CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Stock Short Interest Falls 42.8%

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 2,705 shares, a decline of 42.8% from the September 15th total of 4,730 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 4,854 shares, the short-interest ratio is presently 0.6 days.

CNFinance Price Performance

CNFinance stock traded down $0.07 during mid-day trading on Thursday, reaching $1.96. The company had a trading volume of 7,470 shares, compared to its average volume of 9,478. The stock’s 50-day simple moving average is $2.07 and its 200-day simple moving average is $2.64. The company has a market capitalization of $13.42 million, a P/E ratio of 1.40 and a beta of 0.17. CNFinance has a 1 year low of $1.37 and a 1 year high of $6.49. The company has a debt-to-equity ratio of 0.95, a current ratio of 1,057.43 and a quick ratio of 430.62.

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

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 Wednesday, September 9th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, CNFinance presently has a consensus rating of “Sell”.

CNFinance Company Profile

CNFinance Holdings Limited is a China-based financial services company that facilitates home equity loans. The company connects property owners and other borrowers with financial institutions and helps support the origination and servicing of loans secured by residential or commercial real estate.

CNFinance primarily serves micro and small business owners, self-employed individuals, and other borrowers who may use home equity to obtain funding for business operations, working capital, or personal financial needs.