Short Interest in Conifer Holdings, Inc. (NASDAQ:CNFR) Drops By 61.1%

Conifer Holdings, Inc. (NASDAQ:CNFR) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 5,100 shares, a decrease of 61.1% from the December 31st total of 13,100 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 16,300 shares, the days-to-cover ratio is presently 0.3 days.

Insider Buying and Selling

In related news, CEO Brian J. Roney sold 100,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was 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 of the company’s stock, valued at approximately $820,464. This represents a 19.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 70.40% of the stock is owned by company insiders.

Conifer Stock Up 1.6 %

Shares of CNFR traded up $0.02 during mid-day trading on Friday, hitting $1.03. 207 shares of the company’s stock were exchanged, compared to its average volume of 3,710. The company has a market cap of $12.54 million, a PE ratio of 0.42 and a beta of 0.56. Conifer has a 52 week low of $0.65 and a 52 week high of $1.91. The company has a 50-day simple moving average of $1.09 and a 200 day simple moving average of $1.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.66 and a quick ratio of 0.66.

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.