Conifer Holdings, Inc. (NASDAQ:CNFR) Sees Large Increase in Short Interest

Conifer Holdings, Inc. (NASDAQ:CNFR) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 1,800 shares, an increase of 5.9% from the May 31st total of 1,700 shares. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Conifer Stock Performance

CNFR stock traded up $0.06 during midday trading on Wednesday, reaching $0.87. 918 shares of the company’s stock traded hands, compared to its average volume of 6,194. The firm’s fifty day moving average price is $0.92 and its 200-day moving average price is $1.09. Conifer has a 52 week low of $0.65 and a 52 week high of $1.69.

Conifer (NASDAQ:CNFR) last issued its quarterly earnings data on Tuesday, May 14th. The insurance provider reported $0.02 EPS for the quarter. Conifer had a negative return on equity of 524.00% and a negative net margin of 27.43%. The firm had revenue of $23.08 million during the quarter.

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.