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

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 8,848 shares, a growth of 257.9% from the July 15th total of 2,472 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 54,584 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On CNFinance

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of CNFinance from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

CNFinance Stock Performance

NYSE CNF traded up $0.02 on Thursday, hitting $2.31. 679 shares of the stock traded hands, compared to its average volume of 10,398. The company has a debt-to-equity ratio of 0.96, a quick ratio of 328.89 and a current ratio of 772.09. The business’s fifty day moving average is $2.67 and its two-hundred day moving average is $3.63. CNFinance has a 12 month low of $2.04 and a 12 month high of $6.49. The firm has a market capitalization of $15.84 million, a price-to-earnings ratio of 1.05 and a beta of -0.15.

CNFinance Company Profile

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.