Conifer Holdings, Inc. (NASDAQ:CNFR) Sees Significant Decrease in Short Interest

Conifer Holdings, Inc. (NASDAQ:CNFR) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 5,100 shares, a decline of 61.1% from the December 31st total of 13,100 shares. Based on an average daily volume of 16,300 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Conifer Price Performance

NASDAQ CNFR traded up $0.01 during trading on Wednesday, reaching $1.01. The company’s stock had a trading volume of 667 shares, compared to its average volume of 4,316. The firm has a fifty day moving average of $1.10 and a 200 day moving average of $1.05. The stock has a market capitalization of $12.34 million, a PE ratio of 0.42 and a beta of 0.56. Conifer has a one year low of $0.65 and a one year high of $1.91. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.66 and a quick ratio of 0.66.

Insider Transactions at Conifer

In related news, CEO Brian J. Roney sold 100,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $2.00, for a total value of $200,000.00. Following the completion of the sale, the chief executive officer now directly owns 410,232 shares of the company’s stock, valued at approximately $820,464. This represents a 19.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 70.40% of the stock is owned by company insiders.

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.