CNFinance Holdings Limited (NYSE:CNF) Short Interest Update

CNFinance Holdings Limited (NYSE:CNF) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 10,700 shares, an increase of 64.6% from the March 15th total of 6,500 shares. Based on an average daily volume of 13,900 shares, the days-to-cover ratio is presently 0.8 days.

CNFinance Stock Performance

Shares of NYSE CNF opened at $1.77 on Friday. The firm’s 50-day moving average price is $2.11 and its 200-day moving average price is $2.38. The company has a quick ratio of 436.32, a current ratio of 532.61 and a debt-to-equity ratio of 2.22. The company has a market cap of $138.02 million, a PE ratio of 5.71 and a beta of 0.05. CNFinance has a 52-week low of $1.53 and a 52-week high of $4.10.

Institutional Trading of CNFinance

A number of institutional investors have recently made changes to their positions in CNF. UBS Group AG boosted its holdings in shares of CNFinance by 2,386.8% during the 2nd quarter. UBS Group AG now owns 11,265 shares of the company’s stock valued at $29,000 after acquiring an additional 10,812 shares during the last quarter. State Street Corp purchased a new stake in shares of CNFinance during the 3rd quarter valued at about $32,000. Creative Planning purchased a new stake in shares of CNFinance during the 4th quarter valued at about $33,000. Avantax Advisory Services Inc. purchased a new stake in shares of CNFinance during the 3rd quarter valued at about $39,000. Finally, Millennium Management LLC boosted its holdings in shares of CNFinance by 21.6% during the 2nd quarter. Millennium Management LLC now owns 27,936 shares of the company’s stock valued at $71,000 after acquiring an additional 4,958 shares during the last quarter.

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.