CNFinance Holdings Limited (NYSE:CNF - Get Free Report) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 111,200 shares, an increase of 211.5% from the February 28th total of 35,700 shares. Currently, 0.2% of the company's shares are short sold. Based on an average trading volume of 58,300 shares, the short-interest ratio is currently 1.9 days.
Institutional Investors Weigh In On CNFinance
An institutional investor recently raised its position in CNFinance stock. Gagnon Securities LLC lifted its stake in shares of CNFinance Holdings Limited (NYSE:CNF - Free Report) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,688,732 shares of the company's stock after acquiring an additional 77,454 shares during the quarter. Gagnon Securities LLC owned 2.46% of CNFinance worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission.
CNFinance Trading Down 2.9 %
NYSE:CNF traded down $0.02 on Monday, reaching $0.77. 16,202 shares of the company's stock were exchanged, compared to its average volume of 54,233. The firm has a market capitalization of $59.65 million, a price-to-earnings ratio of 2.47 and a beta of 0.06. CNFinance has a 52-week low of $0.60 and a 52-week high of $2.84. The company has a quick ratio of 679.18, a current ratio of 874.07 and a debt-to-equity ratio of 2.35. The business has a fifty day moving average of $1.07 and a 200-day moving average of $1.12.
CNFinance Company Profile
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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.
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