CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Short Interest Update

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 1,941 shares, a decline of 56.0% from the May 31st total of 4,413 shares. Based on an average daily volume of 2,312 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the company’s stock are sold short.

CNFinance Stock Down 0.3%

CNF stock opened at $2.86 on Monday. CNFinance has a twelve month low of $2.36 and a twelve month high of $8.80. The company has a quick ratio of 328.89, a current ratio of 772.09 and a debt-to-equity ratio of 0.96. The stock’s 50 day moving average is $3.11 and its 200-day moving average is $4.36. The firm has a market capitalization of $19.62 million, a PE ratio of 0.92 and a beta of -0.18.

CNFinance (NYSE:CNF) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($4.44) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($4.49). The company had revenue of $0.02 million during the quarter, compared to analyst estimates of $67.51 million.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of CNFinance from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Institutional Trading of CNFinance

An institutional investor recently raised its stake in CNFinance stock. XTX Topco Ltd grew its position in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,079 shares of the company’s stock after purchasing an additional 37,359 shares during the period. XTX Topco Ltd owned about 0.07% of CNFinance worth $32,000 at the end of the most recent reporting period.

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.