Short Interest in Conifer Holdings, Inc. (NASDAQ:CNFR) Grows By 8.6%

Conifer Holdings, Inc. (NASDAQ:CNFR) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 24,000 shares, a growth of 8.6% from the September 30th total of 22,100 shares. Based on an average trading volume of 1,810,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.7% of the company’s shares are sold short.

Conifer Price Performance

Conifer stock opened at $1.25 on Friday. Conifer has a 12 month low of $0.65 and a 12 month high of $1.91. The company has a market cap of $15.28 million, a price-to-earnings ratio of -0.57 and a beta of 0.65. The stock’s 50-day moving average is $1.06 and its 200-day moving average is $0.96.

Conifer (NASDAQ:CNFR) last announced its quarterly earnings results on Tuesday, August 13th. The insurance provider reported ($0.30) earnings per share for the quarter. Conifer had a negative net margin of 25.94% and a negative return on equity of 524.00%. The business had revenue of $26.85 million for 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.