Short Interest in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Drops By 36.5%

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) saw 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. Based on an average trading volume of 4,445 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the shares of the company are sold short.

CNFinance Trading Down 0.5%

Shares of CNFinance stock traded down $0.01 on Thursday, reaching $1.82. 3,073 shares of the company were exchanged, compared to its average volume of 9,673. The company has a current ratio of 1,057.43, a quick ratio of 430.62 and a debt-to-equity ratio of 0.95. CNFinance has a fifty-two week low of $1.76 and a fifty-two week high of $6.49. The firm has a market capitalization of $12.49 million, a price-to-earnings ratio of 0.83 and a beta of -0.14. The stock has a fifty day moving average price of $2.26 and a 200-day moving average price of $3.03.

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

Analyst Ratings Changes

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

About CNFinance

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.