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

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 851 shares, a drop of 73.6% from the November 30th total of 3,226 shares. Based on an average daily trading volume, of 12,460 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,460 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

CNF has been the topic of a number of analyst reports. Zacks Research upgraded shares of CNFinance to a “hold” rating in a research report on Thursday, September 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CNFinance in a research report on Wednesday, October 8th. Finally, Greenridge Global raised CNFinance to a “strong-buy” rating in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

CNFinance Price Performance

Shares of CNF stock traded up $0.11 during trading hours on Thursday, reaching $6.19. The company had a trading volume of 3,231 shares, compared to its average volume of 8,435. CNFinance has a 12-month low of $2.36 and a 12-month high of $13.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 392.34 and a current ratio of 681.01. The company has a market capitalization of $42.45 million and a price-to-earnings ratio of 2.00. The stock has a fifty day moving average of $5.33 and a 200-day moving average of $5.41.

Hedge Funds Weigh In On CNFinance

An institutional investor recently raised its position in CNFinance stock. Gagnon Advisors LLC lifted its position in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 100.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,569,434 shares of the company’s stock after buying an additional 784,717 shares during the quarter. CNFinance makes up 0.7% of Gagnon Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Gagnon Advisors LLC owned approximately 2.29% of CNFinance worth $1,020,000 at the end of the most recent quarter.

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.