Conifer Holdings, Inc. (NASDAQ:CNFR) Sees Significant Decline in Short Interest

Conifer Holdings, Inc. (NASDAQ:CNFR) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a decrease of 96.8% from the February 28th total of 3,100 shares. Based on an average trading volume of 9,100 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Conifer Trading Down 1.7 %

Shares of NASDAQ CNFR traded down $0.01 during trading hours on Wednesday, hitting $0.66. 3,891 shares of the company traded hands, compared to its average volume of 511,135. The company’s 50 day moving average price is $0.94 and its 200 day moving average price is $1.05. The stock has a market capitalization of $8.09 million, a price-to-earnings ratio of 0.27 and a beta of 0.55. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.34. Conifer has a 12 month low of $0.60 and a 12 month high of $1.91.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Conifer stock. Nemes Rush Group LLC acquired a new position in Conifer Holdings, Inc. (NASDAQ:CNFR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 41,115 shares of the insurance provider’s stock, valued at approximately $48,000. Nemes Rush Group LLC owned about 0.34% of Conifer as of its most recent SEC filing. 34.88% of the stock is currently owned by hedge funds and other institutional investors.

About Conifer

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. The company offers insurance coverage in specialty commercial and personal product lines. It also underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.