Short Interest in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Increases By 257.9%

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the target of a large growth in short interest in the month of 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. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 54,584 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut CNFinance from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. One research 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Hedge Funds Weigh In On CNFinance

An institutional investor recently raised its stake in CNFinance stock. XTX Topco Ltd boosted its position in shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,079 shares of the company’s stock after purchasing an additional 37,359 shares during the period. XTX Topco Ltd owned about 0.07% of CNFinance worth $32,000 at the end of the most recent reporting period.

CNFinance Stock Performance

Shares of CNF stock opened at $2.27 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 328.89 and a current ratio of 772.09. CNFinance has a 52 week low of $2.04 and a 52 week high of $6.49. The company’s 50 day moving average price is $2.64 and its two-hundred day moving average price is $3.60. The company has a market capitalization of $15.60 million, a P/E ratio of 1.03 and a beta of -0.15.

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.