CNFinance Holdings Limited (NYSE:CNF) Short Interest Update

CNFinance Holdings Limited (NYSE:CNF) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 16,700 shares, a drop of 9.2% from the August 31st total of 18,400 shares. Based on an average daily trading volume, of 57,500 shares, the days-to-cover ratio is presently 0.3 days.

CNFinance Stock Up 7.4 %

CNFinance stock traded up $0.07 during midday trading on Friday, reaching $1.02. The stock had a trading volume of 20,707 shares, compared to its average volume of 29,189. The firm’s fifty day simple moving average is $1.03 and its 200-day simple moving average is $1.48. CNFinance has a 1-year low of $0.86 and a 1-year high of $4.10. The stock has a market capitalization of $69.95 million, a P/E ratio of 3.29 and a beta of -0.02. The company has a debt-to-equity ratio of 2.35, a quick ratio of 679.18 and a current ratio of 874.07.

CNFinance Company Profile

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.