Short Interest in CNFinance Holdings Limited (NYSE:CNF) Expands By 175.6%

CNFinance Holdings Limited (NYSE:CNF) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 11,300 shares, an increase of 175.6% from the June 15th total of 4,100 shares. Based on an average daily volume of 14,500 shares, the short-interest ratio is currently 0.8 days.

CNFinance Stock Performance

Shares of NYSE:CNF traded down $0.02 on Thursday, hitting $1.48. 16,857 shares of the company were exchanged, compared to its average volume of 14,203. The company’s 50 day moving average price is $1.62 and its two-hundred day moving average price is $1.94. The firm has a market capitalization of $101.50 million, a price-to-earnings ratio of 4.77 and a beta of 0.01. The company has a debt-to-equity ratio of 2.23, a quick ratio of 436.40 and a current ratio of 532.70. CNFinance has a one year low of $1.39 and a one year high of $4.10.

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.