Conifer Holdings, Inc. (NASDAQ:CNFR) Short Interest Up 49.2% in October

Conifer Holdings, Inc. (NASDAQ:CNFR) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 35,800 shares, an increase of 49.2% from the October 15th total of 24,000 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average trading volume of 1,810,000 shares, the days-to-cover ratio is currently 0.0 days.

Conifer Stock Performance

Shares of CNFR traded down $0.02 on Friday, reaching $1.17. The stock had a trading volume of 4,323 shares, compared to its average volume of 594,609. The firm has a market capitalization of $14.36 million, a price-to-earnings ratio of 0.49 and a beta of 0.63. The company has a 50-day simple moving average of $1.12 and a 200-day simple moving average of $0.98. Conifer has a 12-month low of $0.65 and a 12-month high of $1.91.

Conifer (NASDAQ:CNFR) last issued its quarterly earnings results on Tuesday, August 13th. The insurance provider reported ($0.30) earnings per share (EPS) for the quarter. Conifer had a negative return on equity of 524.00% and a net margin of 34.76%. The business had revenue of $26.85 million during the quarter.

Conifer Company Profile

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. The company offers insurance coverage in specialty commercial and personal product lines. It also underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.