CNFinance Holdings Limited (NYSE:CNF) Short Interest Update

CNFinance Holdings Limited (NYSE:CNF) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 10,700 shares, a growth of 64.6% from the March 15th total of 6,500 shares. Based on an average daily volume of 13,900 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On CNFinance

A number of hedge funds and other institutional investors have recently made changes to their positions in CNF. Dimensional Fund Advisors LP grew its stake in CNFinance by 54.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 61,256 shares of the company’s stock valued at $197,000 after acquiring an additional 21,598 shares during the period. UBS Group AG grew its stake in CNFinance by 2,386.8% in the 2nd quarter. UBS Group AG now owns 11,265 shares of the company’s stock valued at $29,000 after acquiring an additional 10,812 shares during the period. Millennium Management LLC grew its stake in CNFinance by 21.6% in the 2nd quarter. Millennium Management LLC now owns 27,936 shares of the company’s stock valued at $71,000 after acquiring an additional 4,958 shares during the period. Creative Planning acquired a new stake in CNFinance in the 2nd quarter valued at $49,000. Finally, Goldman Sachs Group Inc. acquired a new stake in CNFinance in the 2nd quarter valued at $848,000.

CNFinance Price Performance

Shares of NYSE CNF opened at $1.77 on Friday. The stock has a market capitalization of $138.02 million, a price-to-earnings ratio of 5.71 and a beta of 0.05. CNFinance has a 12 month low of $1.53 and a 12 month high of $4.10. The firm’s 50 day simple moving average is $2.11 and its 200-day simple moving average is $2.38. The company has a debt-to-equity ratio of 2.22, a current ratio of 532.61 and a quick ratio of 436.32.

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.