CNFinance Holdings Limited (NYSE:CNF) Short Interest Update
CNFinance Holdings Limited (NYSE:CNF – Get Rating) saw a sharp rise in short-term interest in June. As of June 30, there was short interest totaling 314,000 shares, an increase of 43.6% from the total of 218,700 shares as of June 15. Based on an average trading volume of 60,700 shares, the short-term interest rate ratio is currently 5.2 days.
Institutional investors weigh in on CNFinance
Institutional investors and hedge funds have recently changed their stock holdings. JBF Capital Inc. acquired a new stake in shares of CNFinance during the fourth quarter valued at approximately $88,000. Gagnon Securities LLC increased its position in CNFinance shares by 9.5% during the fourth quarter. Gagnon Securities LLC now owns 1,527,494 shares of the company valued at $6,232,000 after purchasing an additional 132,451 shares in the last quarter. Dimensional Fund Advisors LP increased its position in CNFinance shares by 54.5% during the first quarter. Dimensional Fund Advisors LP now owns 61,256 shares of the company valued at $197,000 after purchasing an additional 21,598 shares in the last quarter. Gagnon Advisors LLC increased its position in CNFinance shares by 17.4% during the first quarter. Gagnon Advisors LLC now owns 784,002 shares of the company valued at $2,524,000 after purchasing an additional 116,177 shares in the last quarter. Finally, Truist Financial Corp increased its position in CNFinance shares by 53.4% during the first quarter. Truist Financial Corp now owns 32,764 shares of the company valued at $106,000 after buying an additional 11,405 shares in the last quarter. Institutional investors hold 3.90% of the company’s shares.
CNFinance Trading up 0.4%
CNFinance stock opened at $2.41 on Monday. The stock has a market capitalization of $165.28 million, a P/E ratio of 48.20 and a beta of 0.28. The company has a debt ratio of 1.93, a current ratio of 821.21 and a quick ratio of 753.06. CNFinance has a 1-year low of $2.11 and a 1-year high of $6.34. The company’s 50-day moving average price is $2.63 and its 200-day moving average price is $3.17.
Analysts set new price targets
Separately, TheStreet upgraded CNFinance’s shares from a “c-” to a “d+” rating in a Tuesday, June 14 research note.
CNFinance company profile
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CNFinance Holdings Limited, through its subsidiaries, provides home equity lending services in the People’s Republic of China. It offers microcredit services to micro and small business owners; and loan agency services for financial institutions. The company also offers bridge loan products, which are unsecured short-term loans to repay borrowers’ existing loans secured by real estate.
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