Short Interest in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Decreases By 50.0%

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF – Get Free Report) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 620 shares, a decline of 50.0% from the April 15th total of 1,241 shares. Based on an average daily volume of 3,001 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of CNFinance in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

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CNFinance Price Performance

CNF traded up $0.10 on Friday, reaching $3.75. The company had a trading volume of 9,866 shares, compared to its average volume of 7,209. The company has a fifty day moving average of $3.64 and a 200-day moving average of $4.80. The company has a market capitalization of $25.73 million, a P/E ratio of 1.21 and a beta of -0.24. The company has a current ratio of 772.09, a quick ratio of 328.89 and a debt-to-equity ratio of 0.96. CNFinance has a one year low of $2.36 and a one year high of $8.80.

CNFinance (NYSE:CNF – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($4.44) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($4.49). The firm had revenue of $0.02 million for the quarter, compared to the consensus estimate of $67.51 million.

Hedge Funds Weigh In On CNFinance

A hedge fund recently raised its stake in CNFinance stock. XTX Topco Ltd grew its holdings in shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNF – Free Report) by 318.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,079 shares of the company’s stock after purchasing an additional 37,359 shares during the period. XTX Topco Ltd owned approximately 0.07% of CNFinance worth $32,000 as of its most recent filing with the Securities and Exchange Commission.

About CNFinance

(Get Free Report)

CNFinance Holdings Limited (NYSE: CNF) is a China-based holding company specializing in internet-based financial services for consumers and small- and medium-sized enterprises (SMEs). Through its subsidiaries, CNFinance develops and operates an online marketplace that connects individual and corporate borrowers with institutional and private capital providers. The company’s platform leverages technology to streamline the loan application process, enabling efficient access to credit in a traditionally underserved segment of the Chinese financial market.

The company’s core offerings include unsecured consumer loans, SME working capital financing, supply chain financing solutions and wealth management products.

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