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

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 620 shares, a decrease of 50.0% from the April 15th total of 1,241 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 3,001 shares, the days-to-cover ratio is currently 0.2 days.

CNFinance Stock Performance

NYSE:CNF traded up $0.10 during trading on Friday, reaching $3.75. The company’s stock had a trading volume of 9,866 shares, compared to its average volume of 6,870. The firm has a market cap of $25.73 million, a price-to-earnings ratio of 1.21 and a beta of -0.24. The company has a debt-to-equity ratio of 0.96, a quick ratio of 328.89 and a current ratio of 772.09. The firm has a 50 day moving average of $3.64 and a 200-day moving average of $4.80. CNFinance has a 12 month low of $2.36 and a 12 month high of $8.80.

CNFinance (NYSE:CNF) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $67.51 million.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of CNFinance in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

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.