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

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,941 shares, a drop of 56.0% from the May 31st total of 4,413 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 2,312 shares, the short-interest ratio is currently 0.8 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of CNFinance from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CNFinance stock. XTX Topco Ltd raised its stake in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

CNFinance Trading Down 0.3%

Shares of CNFinance stock opened at $2.86 on Monday. The firm has a market cap of $19.62 million, a PE ratio of 0.92 and a beta of -0.18. CNFinance has a 1 year low of $2.36 and a 1 year high of $8.80. 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 fifty day moving average price of $3.11 and a 200-day moving average price of $4.36.

CNFinance (NYSE:CNF) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($4.44) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($4.49). The company had revenue of $0.02 million for the quarter, compared to the consensus estimate of $67.51 million.

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.