Short Interest in CNFinance Holdings Limited (NYSE:CNF) Increases By 211.5%

CNFinance Holdings Limited (NYSE:CNF) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 111,200 shares, an increase of 211.5% from the February 28th total of 35,700 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 58,300 shares, the days-to-cover ratio is presently 1.9 days.

Hedge Funds Weigh In On CNFinance

An institutional investor recently bought a new position in CNFinance stock. XTX Topco Ltd acquired a new stake in CNFinance Holdings Limited (NYSE:CNF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,006 shares of the company’s stock, valued at approximately $26,000.

CNFinance Stock Performance

CNFinance stock opened at $0.80 on Friday. The stock has a fifty day moving average price of $1.07 and a 200 day moving average price of $1.12. CNFinance has a 52 week low of $0.60 and a 52 week high of $2.84. The firm has a market capitalization of $62.31 million, a P/E ratio of 2.58 and a beta of 0.06. The company has a current ratio of 874.07, a quick ratio of 679.18 and a debt-to-equity ratio of 2.35.

About CNFinance

CNFinance Holdings Limited, through its subsidiaries, provides home equity loan services in the People's Republic of China. It offers micro credit loan services for micro and small-enterprise owners; and loan lending agency services for financial institutions. The company provides bridge loan products, which are unsecured short-term loans to pay off borrowers' existing loans secured by real property.