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

CNFinance Holdings Limited (NYSE:CNF) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 111,200 shares, a growth of 211.5% from the February 28th total of 35,700 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 58,300 shares, the days-to-cover ratio is currently 1.9 days.

Hedge Funds Weigh In On CNFinance

A hedge fund recently bought a new stake in CNFinance stock. XTX Topco Ltd purchased a new stake in shares of CNFinance Holdings Limited (NYSE:CNF) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 27,006 shares of the company’s stock, valued at approximately $26,000.

CNFinance Price Performance

Shares of CNF stock traded down $0.03 during trading hours on Friday, reaching $0.80. The company had a trading volume of 27,887 shares, compared to its average volume of 72,946. CNFinance has a 12-month low of $0.60 and a 12-month high of $2.84. 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 company has a market capitalization of $62.31 million, a price-to-earnings ratio of 2.58 and a beta of 0.06. The stock has a fifty day moving average of $1.07 and a 200-day 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.