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

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 3,586 shares, a decline of 36.5% from the August 15th total of 5,649 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 4,445 shares, the short-interest ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut CNFinance from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

CNFinance Price Performance

NYSE:CNF traded down $0.05 during trading hours on Friday, reaching $1.83. 3,073 shares of the company traded hands, compared to its average volume of 4,279. The company has a debt-to-equity ratio of 0.95, a current ratio of 1,057.43 and a quick ratio of 430.62. The firm’s 50-day moving average is $2.24 and its 200-day moving average is $3.00. The stock has a market cap of $12.59 million, a P/E ratio of 0.83 and a beta of -0.14. CNFinance has a 1-year low of $1.76 and a 1-year high of $6.49.

CNFinance (NYSE:CNF) last released its earnings results on Saturday, August 29th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.33). The business had revenue of ($8.05) million for the quarter, compared to the consensus estimate of $61.55 million.

CNFinance Company Profile

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.