Conifer Holdings, Inc. (NASDAQ:CNFR) Short Interest Down 62.2% in February

Conifer Holdings, Inc. (NASDAQ:CNFR) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 3,100 shares, a drop of 62.2% from the February 13th total of 8,200 shares. Based on an average daily trading volume, of 9,800 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of Conifer

An institutional investor recently bought a new position in Conifer stock. Citadel Advisors LLC bought a new position in shares of Conifer Holdings, Inc. (NASDAQ:CNFR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,412 shares of the insurance provider’s stock, valued at approximately $26,000. Citadel Advisors LLC owned about 0.18% of Conifer at the end of the most recent reporting period. Hedge funds and other institutional investors own 34.88% of the company’s stock.

Conifer Price Performance

Shares of NASDAQ CNFR traded down $0.02 during midday trading on Friday, reaching $0.78. The company’s stock had a trading volume of 1,983 shares, compared to its average volume of 6,635. Conifer has a fifty-two week low of $0.65 and a fifty-two week high of $1.91. The business’s 50 day moving average price is $1.01 and its two-hundred day moving average price is $1.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market cap of $9.57 million, a P/E ratio of 0.32 and a beta of 0.55.

Conifer Company Profile

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. The company offers insurance coverage in specialty commercial and personal product lines. It also underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.