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

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 4,184 shares, a growth of 2,186.3% from the January 15th total of 183 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 9,895 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 9,895 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of CNFinance in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, CNFinance currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On CNFinance

An institutional investor recently raised its position in CNFinance stock. XTX Topco Ltd raised its stake in shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,079 shares of the company’s stock after buying 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 Stock Performance

CNF stock opened at $5.64 on Wednesday. The stock’s fifty day moving average is $5.64 and its two-hundred day moving average is $5.13. The stock has a market capitalization of $38.69 million, a price-to-earnings ratio of 1.82 and a beta of -0.11. The company has a debt-to-equity ratio of 1.32, a quick ratio of 392.34 and a current ratio of 681.01. CNFinance has a 1 year low of $2.36 and a 1 year high of $12.35.

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.