Short Interest in Conifer Holdings, Inc. (NASDAQ:CNFR) Rises By 49.2%

Conifer Holdings, Inc. (NASDAQ:CNFR) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 35,800 shares, a growth of 49.2% from the October 15th total of 24,000 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 1,810,000 shares, the days-to-cover ratio is currently 0.0 days.

Conifer Stock Down 1.3 %

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

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

About Conifer

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.