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

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

CNFinance Stock Down 3.0 %

Shares of CNF traded down $0.03 on Friday, hitting $0.99. 47,306 shares of the stock traded hands, compared to its average volume of 29,996. The company has a debt-to-equity ratio of 2.35, a quick ratio of 679.18 and a current ratio of 874.07. CNFinance has a one year low of $0.81 and a one year high of $2.84. The company has a market capitalization of $67.55 million, a PE ratio of 3.18 and a beta of 0.06. The business has a 50 day simple moving average of $1.13 and a 200 day simple moving average of $1.14.

Institutional Investors Weigh In On CNFinance

A hedge fund recently raised its stake in CNFinance stock. Gagnon Securities LLC boosted its stake in CNFinance Holdings Limited (NYSE:CNF - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,688,732 shares of the company's stock after purchasing an additional 77,454 shares during the period. Gagnon Securities LLC owned approximately 2.46% of CNFinance worth $1,604,000 at the end of the most recent quarter.

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.