CNFinance Holdings Limited (NYSE:CNF) Sees Large Increase in Short Interest

CNFinance Holdings Limited (NYSE:CNF - Get Free Report) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 260,800 shares, an increase of 1,969.8% from the September 30th total of 12,600 shares. Based on an average daily trading volume, of 149,200 shares, the days-to-cover ratio is presently 1.7 days.

CNFinance Stock Up 0.7 %

CNFinance stock traded up $0.01 during midday trading on Friday, reaching $1.37. The company's stock had a trading volume of 24,547 shares, compared to its average volume of 64,312. The company has a debt-to-equity ratio of 2.35, a current ratio of 874.07 and a quick ratio of 679.18. CNFinance has a 52-week low of $0.86 and a 52-week high of $2.84. The stock's 50-day simple moving average is $1.24 and its 200-day simple moving average is $1.43. The stock has a market capitalization of $93.96 million, a P/E ratio of 4.41 and a beta of -0.02.

CNFinance Company Profile

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.