Short Interest in CNFinance Holdings Limited (NYSE:CNF) Decreases By 17.4%

CNFinance Holdings Limited (NYSE:CNF) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 64,300 shares, a decrease of 17.4% from the January 31st total of 77,800 shares. Based on an average daily trading volume, of 40,000 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On CNFinance

An institutional investor recently bought a new position in CNFinance stock. XTX Topco Ltd bought a new stake in shares of CNFinance Holdings Limited (NYSE:CNF) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 27,006 shares of the company’s stock, valued at approximately $26,000.

CNFinance Price Performance

Shares of CNF stock traded down $0.04 during midday trading on Wednesday, reaching $1.02. 51,274 shares of the company were exchanged, compared to its average volume of 29,537. The company’s 50 day moving average price is $1.13 and its two-hundred day moving average price is $1.14. The company has a market cap of $69.95 million, a P/E ratio of 3.29 and a beta of 0.06. CNFinance has a 12 month low of $0.81 and a 12 month high of $2.84. The company has a debt-to-equity ratio of 2.35, a quick ratio of 679.18 and a current ratio of 874.07.

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.