CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Short Interest Update
by Sarita Garza · The Markets DailyCNFinance Holdings Limited Sponsored ADR (NYSE:CNF – Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 8,848 shares, a growth of 257.9% from the July 15th total of 2,472 shares. Based on an average daily volume of 54,584 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.
CNFinance Stock Performance
CNFinance stock traded down $0.15 during trading hours on Friday, hitting $2.27. 3,359 shares of the stock traded hands, compared to its average volume of 10,499. The firm’s 50 day moving average price is $2.66 and its 200-day moving average price is $3.61. The company has a debt-to-equity ratio of 0.96, a current ratio of 772.09 and a quick ratio of 328.89. The stock has a market capitalization of $15.61 million, a price-to-earnings ratio of 1.03 and a beta of -0.15. CNFinance has a 1 year low of $2.04 and a 1 year high of $6.49.
Analysts Set New Price Targets
Separately, Weiss Ratings cut shares of CNFinance from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, CNFinance currently has an average rating of “Hold”.
Read Our Latest Analysis on CNFinance
Hedge Funds Weigh In On CNFinance
An institutional investor recently raised its stake in CNFinance stock. XTX Topco Ltd boosted its holdings in shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNF – Free Report) by 318.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,079 shares of the company’s stock after buying an additional 37,359 shares during the quarter. XTX Topco Ltd owned 0.07% of CNFinance worth $32,000 at the end of the most recent reporting period.
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.