Conifer Holdings, Inc. (NASDAQ:CNFR) Sees Significant Drop in Short Interest

from the March 31st total of 21,100 shares. Based on an average daily volume of 26,600 shares, the short-interest ratio is presently 0.7 days. The number of shares short in Conifer Holdings fell 9.5% in April.

( ) was the subject of a significant decline in short interest during April. On April 15, there were 19,100 shorted shares. This is a 9.5% decrease from the 21,100 shares on March 31st. Short selling is currently 0.6% of company stock. The days-tocover ratio, based on an average volume of 5,100 share trading, is currently 3.7.

Conifer: Insiders' Buying and selling

In a Friday, 24th March transaction, 200,000 shares were purchased. Stock was bought at an average price of $1.51 a share for a total of $302,000.00. The chief executive now owns 680 275 shares of stock worth $1,027 215.25. A recent purchase by an institutional investor of Conifer stock was made. The fund bought 467,132 shares of the insurance provider's stock valued at approximately $733,000. The fund purchased 467,132 of the stock of the insurance provider, worth approximately $733,000. Conifer represents 0.6% of Aegis Financial Corp’s holdings. It is the 23rd biggest holding. Aegis Financial Corp held about 3.82% in Conifer at the time of its latest SEC filing. Institutional investors own 31.34%.

Conifer stock down 6.6 %

During Monday's mid-day trade, the stock fell $0.11 to $1.56. The stock traded 958 shares compared to the average of 5,099. Conifer's 1 year low is $1.28, and its 1 year high is $2.49. The market cap is $19.06 million. It has a PE of -1.38, and a beta value of 0.86. The company's fifty-day moving average is $1.63, and its 200-day moving average is $1.60. The debt-to equity ratio for the company is 1.79. Its current ratio is 0.70, and its quick ratio 0.70.

Analyst Upgrades and downgrades

Separately Piper Sandler raised their price target on shares of Conifer, from $1.60 up to $1.70, and rated the stock as 'underweight' in a report published on Tuesday, 4th April.

Conifer Company Profile

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Conifer Holdings, Inc is engaged in the sales of property and casualty products. It is organized into the following segments: Commercial Lines (Business), Personal Lines (Personal Lines), Underwriting, Wholesale Agency and Corporate. The company was established on October 27, 2009. Its headquarters is in Troy, MI. offers a FREE daily email newsletter