Conifer Holdings, Inc. (NASDAQ:CNFR) Short Interest Down 62.2% in February

Conifer Holdings, Inc. (NASDAQ:CNFR) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 3,100 shares, a drop of 62.2% from the February 13th total of 8,200 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 9,800 shares, the short-interest ratio is presently 0.3 days.

Conifer Stock Down 3.9 %

CNFR stock opened at $0.81 on Thursday. The stock has a market cap of $9.87 million, a PE ratio of 0.33 and a beta of 0.55. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.34. The firm’s 50-day simple moving average is $1.01 and its 200 day simple moving average is $1.08. Conifer has a fifty-two week low of $0.65 and a fifty-two week high of $1.91.

Hedge Funds Weigh In On Conifer

A hedge fund recently bought a new stake in Conifer stock. Citadel Advisors LLC purchased a new position in Conifer Holdings, Inc. (NASDAQ:CNFR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,412 shares of the insurance provider’s stock, valued at approximately $26,000. Citadel Advisors LLC owned approximately 0.18% of Conifer at the end of the most recent reporting period. Hedge funds and other institutional investors own 34.88% of the company’s stock.

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.