Short Interest in CNFinance Holdings Limited (NYSE:CNF) Increases By 211.5%

CNFinance Holdings Limited (NYSE:CNF) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 111,200 shares, an increase of 211.5% from the February 28th total of 35,700 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 58,300 shares, the days-to-cover ratio is presently 1.9 days.

Hedge Funds Weigh In On CNFinance

An institutional investor recently raised its position in CNFinance stock. Gagnon Securities LLC lifted its holdings in CNFinance Holdings Limited (NYSE:CNF) by 4.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,688,732 shares of the company’s stock after purchasing an additional 77,454 shares during the period. Gagnon Securities LLC owned approximately 2.46% of CNFinance worth $1,604,000 at the end of the most recent reporting period.

CNFinance Trading Down 3.7 %

Shares of CNF traded down $0.03 during midday trading on Friday, hitting $0.80. 27,887 shares of the stock were exchanged, compared to its average volume of 72,946. The company has a debt-to-equity ratio of 2.35, a quick ratio of 679.18 and a current ratio of 874.07. The firm has a market cap of $62.31 million, a P/E ratio of 2.58 and a beta of 0.06. CNFinance has a 52-week low of $0.60 and a 52-week high of $2.84. The stock has a fifty day simple moving average of $1.07 and a 200 day simple moving average of $1.12.

About CNFinance

CNFinance Holdings Limited, through its subsidiaries, provides home equity loan services in the People's Republic of China. It offers micro credit loan services for micro and small-enterprise owners; and loan lending agency services for financial institutions. The company provides bridge loan products, which are unsecured short-term loans to pay off borrowers' existing loans secured by real property.