Conifer Holdings, Inc. (NASDAQ:CNFR) Short Interest Update

Conifer Holdings, Inc. (NASDAQ:CNFR) was the target of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 4,500 shares, a decrease of 8.2% from the January 15th total of 4,900 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 9,500 shares, the short-interest ratio is currently 0.5 days.

Conifer Price Performance

Shares of NASDAQ:CNFR opened at $1.01 on Wednesday. The firm has a market capitalization of $12.34 million, a PE ratio of 0.42 and a beta of 0.54. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.34. Conifer has a 1-year low of $0.65 and a 1-year high of $1.91. The business’s 50 day moving average is $1.06 and its 200-day moving average is $1.06.

Insider Activity

In related news, CEO Brian J. Roney sold 100,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $2.00, for a total transaction of $200,000.00. Following the transaction, the chief executive officer now directly owns 410,232 shares in the company, valued at $820,464. The trade was a 19.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 70.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Conifer stock. Citadel Advisors LLC acquired a new position in shares of Conifer Holdings, Inc. (NASDAQ:CNFR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,412 shares of the insurance provider’s stock, valued at approximately $26,000. Citadel Advisors LLC owned 0.18% of Conifer as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 34.88% of the company’s stock.

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.