Short Interest in Conifer Holdings, Inc. (NASDAQ:CNFR) Decreases By 62.2%

Conifer Holdings, Inc. (NASDAQ:CNFR) saw a large drop in short interest during 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. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 9,800 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Conifer

An institutional investor recently bought a new position in Conifer stock. Nemes Rush Group LLC acquired a new stake in Conifer Holdings, Inc. (NASDAQ:CNFR) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 41,115 shares of the insurance provider’s stock, valued at approximately $48,000. Nemes Rush Group LLC owned about 0.34% of Conifer as of its most recent filing with the Securities & Exchange Commission. 34.88% of the stock is currently owned by institutional investors.

Conifer Trading Down 6.7 %

NASDAQ:CNFR traded down $0.05 during trading hours on Friday, reaching $0.76. The company’s stock had a trading volume of 297 shares, compared to its average volume of 6,496. The firm has a 50-day simple moving average of $1.00 and a 200-day simple moving average of $1.07. 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 1 year low of $0.65 and a 1 year high of $1.91. The firm has a market capitalization of $9.24 million, a price-to-earnings ratio of 0.31 and a beta of 0.55.

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.