Conifer Holdings, Inc. (NASDAQ:CNFR – Get Free Report) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 5,100 shares, a drop of 61.1% from the December 31st total of 13,100 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 16,300 shares, the days-to-cover ratio is currently 0.3 days.
Insiders Place Their Bets
In related news, CEO Brian J. Roney sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $2.00, for a total transaction of $200,000.00. Following the completion of the sale, the chief executive officer now directly owns 410,232 shares in the company, valued at approximately $820,464. This trade represents a 19.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 70.40% of the company’s stock.
Conifer Stock Up 1.6 %
Shares of CNFR stock traded up $0.02 during trading on Friday, hitting $1.03. 207 shares of the company were exchanged, compared to its average volume of 3,710. The firm has a market capitalization of $12.54 million, a price-to-earnings ratio of 0.42 and a beta of 0.56. The business’s 50-day simple moving average is $1.09 and its 200 day simple moving average is $1.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.66 and a current ratio of 0.66. Conifer has a twelve month low of $0.65 and a twelve month high of $1.91.
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.
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