CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Sees Large Decline in Short Interest

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 3,586 shares, a decline of 36.5% from the August 15th total of 5,649 shares. Based on an average trading volume of 4,445 shares, the short-interest ratio is currently 0.8 days. Approximately 0.1% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of CNFinance from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, CNFinance presently has a consensus rating of “Sell”.

CNFinance Stock Down 3.3%

Shares of CNFinance stock opened at $1.82 on Friday. The company has a 50-day simple moving average of $2.23 and a two-hundred day simple moving average of $2.99. The stock has a market capitalization of $12.49 million, a PE ratio of 0.83 and a beta of -0.14. CNFinance has a 52-week low of $1.76 and a 52-week high of $6.49. The company has a debt-to-equity ratio of 0.95, a quick ratio of 430.62 and a current ratio of 1,057.43.

CNFinance (NYSE:CNF) last issued its quarterly earnings results on Saturday, August 29th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.33). The business had revenue of ($8.05) million for the quarter, compared to analyst estimates of $61.55 million.

About CNFinance

CNFinance Holdings Limited (NYSE: CNF) is a China-based financial services company that focuses on home equity loan facilitation. The company helps connect property-owning borrowers, particularly small business owners and entrepreneurs, with financial institutions and other funding sources.

Its services generally include borrower acquisition, loan application support, credit assessment assistance, documentation and transaction coordination, and post-origination services. The company’s lending solutions are primarily secured by residential or commercial real estate and are designed to provide financing for business operations and other eligible purposes.

Founded in 1999 and headquartered in Guangzhou, China, CNFinance has historically served customers through a network of local service locations and business partners in multiple regions of mainland China.