Conifer Holdings, Inc. (NASDAQ:CNFR) Short Interest Down 96.8% in March

Conifer Holdings, Inc. (NASDAQ:CNFR) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 96.8% from the February 28th total of 3,100 shares. Based on an average trading volume of 9,100 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Conifer Stock Up 1.9 %

CNFR traded up $0.01 on Friday, hitting $0.66. The company had a trading volume of 335 shares, compared to its average volume of 508,967. The stock has a fifty day simple moving average of $0.93 and a 200-day simple moving average of $1.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $8.04 million, a P/E ratio of 0.27 and a beta of 0.55. Conifer has a 52-week low of $0.60 and a 52-week high of $1.91.

Hedge Funds Weigh In On Conifer

An institutional investor recently bought a new position in Conifer stock. Nemes Rush Group LLC purchased a new position in Conifer Holdings, Inc. (NASDAQ:CNFR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 41,115 shares of the insurance provider’s stock, valued at approximately $48,000. Nemes Rush Group LLC owned approximately 0.34% of Conifer at the end of the most recent reporting period. 34.88% of the stock is owned by institutional investors and hedge funds.

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.