CNFinance Holdings Limited (NYSE:CNF) Sees Large Growth in Short Interest

CNFinance Holdings Limited (NYSE:CNF) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 260,800 shares, an increase of 1,969.8% from the September 30th total of 12,600 shares. Based on an average trading volume of 149,200 shares, the days-to-cover ratio is currently 1.7 days.

CNFinance Price Performance

Shares of CNF stock traded up $0.01 during trading on Friday, hitting $1.37. The company had a trading volume of 14,531 shares, compared to its average volume of 64,262. The firm has a market capitalization of $93.83 million, a P/E ratio of 4.32 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. The stock’s 50-day moving average price is $1.24 and its 200 day moving average price is $1.43. CNFinance has a one year low of $0.86 and a one year high of $2.84.

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.