CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Short Interest Down 36.2% in August

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 5,649 shares, a decline of 36.2% from the July 30th total of 8,848 shares. Based on an average trading volume of 8,916 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are sold short.

CNFinance Stock Performance

Shares of CNF stock traded down $0.07 during trading hours on Wednesday, reaching $2.18. 2,423 shares of the company’s stock were exchanged, compared to its average volume of 9,982. The company has a market cap of $14.95 million, a P/E ratio of 1.02 and a beta of -0.15. The company’s 50 day moving average is $2.45 and its two-hundred day moving average is $3.29. CNFinance has a 1 year low of $2.04 and a 1 year high of $6.49. The company has a debt-to-equity ratio of 0.95, a current ratio of 1,057.43 and a quick ratio of 328.89.

CNFinance (NYSE:CNF) last posted its quarterly earnings results on Friday, August 28th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.33). The company had revenue of ($8.05) million during the quarter, compared to analysts’ expectations of $61.55 million.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of CNFinance from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, CNFinance has a consensus rating of “Hold”.

Hedge Funds Weigh In On CNFinance

A hedge fund recently raised its position in CNFinance stock. XTX Topco Ltd increased its stake in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,079 shares of the company’s stock after purchasing an additional 37,359 shares during the quarter. XTX Topco Ltd owned 0.07% of CNFinance worth $32,000 at the end of the most recent quarter.

About CNFinance

CNFinance Holdings Limited (NYSE: CNF) is a China-based holding company specializing in internet-based financial services for consumers and small- and medium-sized enterprises (SMEs). Through its subsidiaries, CNFinance develops and operates an online marketplace that connects individual and corporate borrowers with institutional and private capital providers. The company’s platform leverages technology to streamline the loan application process, enabling efficient access to credit in a traditionally underserved segment of the Chinese financial market.

The company’s core offerings include unsecured consumer loans, SME working capital financing, supply chain financing solutions and wealth management products.