Short Interest in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Drops By 56.0%

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

Institutional Trading of CNFinance

A hedge fund recently raised its stake in CNFinance stock. XTX Topco Ltd increased its position in shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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

CNFinance stock traded up $0.18 during mid-day trading on Wednesday, reaching $2.95. The company had a trading volume of 4,472 shares, compared to its average volume of 5,797. The company has a 50 day moving average of $3.09 and a 200-day moving average of $4.31. CNFinance has a 52 week low of $2.36 and a 52 week high of $8.80. The company has a quick ratio of 328.89, a current ratio of 772.09 and a debt-to-equity ratio of 0.96. The firm has a market cap of $20.24 million, a price-to-earnings ratio of 0.95 and a beta of -0.18.

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

Analysts Set New Price Targets

Separately, Weiss Ratings raised CNFinance from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, June 12th. One investment 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, CNFinance currently has a consensus rating of “Hold”.

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.