Short Interest in CNFinance Holdings Limited (NYSE:CNF) Decreases By 12.9%

CNFinance Holdings Limited (NYSE:CNF) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 132,300 shares, a decline of 12.9% from the October 31st total of 151,900 shares. Based on an average daily volume of 164,400 shares, the short-interest ratio is currently 0.8 days.

CNFinance Price Performance

Shares of NYSE CNF traded up $0.04 during trading on Tuesday, hitting $0.92. 54,928 shares of the company were exchanged, compared to its average volume of 53,852. The company has a debt-to-equity ratio of 2.35, a current ratio of 874.07 and a quick ratio of 679.18. CNFinance has a 1 year low of $0.86 and a 1 year high of $2.84. The company has a market cap of $63.09 million, a price-to-earnings ratio of 2.97 and a beta of -0.03. The firm’s fifty day moving average price is $1.28 and its 200 day moving average price is $1.29.

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.