Conifer Holdings, Inc. (NASDAQ:CNFR) Short Interest Down 57.6% in April

Conifer Holdings, Inc. (NASDAQ:CNFRGet Rating) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 2,500 shares, a decline of 57.6% from the April 15th total of 5,900 shares. Based on an average daily volume of 5,800 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

Separately, Zacks Investment Research upgraded shares of Conifer from a “sell” rating to a “hold” rating in a research report on Monday, January 24th.

Shares of NASDAQ CNFR traded down $0.06 during midday trading on Friday, reaching $1.63. The stock had a trading volume of 12,889 shares, compared to its average volume of 3,573. The company’s 50 day moving average price is $2.29 and its 200 day moving average price is $2.35. Conifer has a twelve month low of $1.42 and a twelve month high of $4.33. The firm has a market cap of $15.83 million, a price-to-earnings ratio of 23.29 and a beta of 1.14. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.47 and a current ratio of 0.47.

Conifer (NASDAQ:CNFRGet Rating) last announced its quarterly earnings results on Wednesday, May 11th. The insurance provider reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.17). Conifer had a negative return on equity of 22.94% and a net margin of 0.58%. During the same period in the previous year, the business posted ($0.72) earnings per share. Equities analysts forecast that Conifer will post -0.3 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Conifer stock. Citadel Advisors LLC purchased a new stake in shares of Conifer Holdings, Inc. (NASDAQ:CNFRGet Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,278 shares of the insurance provider’s stock, valued at approximately $58,000. Citadel Advisors LLC owned approximately 0.21% of Conifer at the end of the most recent reporting period. 36.93% of the stock is currently owned by institutional investors and hedge funds.

Conifer Company Profile (Get Rating)

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

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