CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Short Interest Update

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 8,848 shares, an increase of 257.9% from the July 15th total of 2,472 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 54,584 shares, the days-to-cover ratio is currently 0.2 days.

CNFinance Stock Up 0.8%

Shares of CNF stock traded up $0.02 on Thursday, hitting $2.31. The stock had a trading volume of 679 shares, compared to its average volume of 10,398. The company has a debt-to-equity ratio of 0.96, a current ratio of 772.09 and a quick ratio of 328.89. The business has a 50 day moving average of $2.67 and a 200 day moving average of $3.63. CNFinance has a 12-month low of $2.04 and a 12-month high of $6.49. The stock has a market cap of $15.84 million, a price-to-earnings ratio of 1.05 and a beta of -0.15.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of CNFinance from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On CNFinance

A hedge fund recently raised its stake in CNFinance stock. XTX Topco Ltd increased its holdings in shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,079 shares of the company’s stock after acquiring an additional 37,359 shares during the quarter. XTX Topco Ltd owned approximately 0.07% of CNFinance worth $32,000 as of its most recent SEC filing.

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.