CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Sees Large Decrease in Short Interest

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 5,649 shares, a decline of 36.2% from the July 30th total of 8,848 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 8,916 shares, the short-interest ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of CNFinance from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

An institutional investor recently raised its stake 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 and Exchange Commission. The fund owned 49,079 shares of the company’s stock after acquiring an additional 37,359 shares during the period. XTX Topco Ltd owned approximately 0.07% of CNFinance worth $32,000 as of its most recent SEC filing.

CNFinance Price Performance

Shares of CNF stock opened at $2.23 on Thursday. The business’s fifty day moving average is $2.43 and its 200 day moving average is $3.27. The company has a quick ratio of 328.89, a current ratio of 1,057.43 and a debt-to-equity ratio of 0.95. The stock has a market cap of $15.30 million, a price-to-earnings ratio of 1.01 and a beta of -0.14. CNFinance has a twelve month low of $2.04 and a twelve month high of $6.49.

CNFinance (NYSE:CNF) last announced its quarterly earnings data on Saturday, August 29th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.33). The business had revenue of ($8.05) million during the quarter, compared to analyst estimates of $61.55 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.