Conifer Holdings, Inc. (NASDAQ:CNFR – Get Free Report) was the recipient of a significant decrease in short interest in the month of 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. Based on an average daily volume of 16,300 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.
Conifer Trading Up 1.0 %
Shares of NASDAQ CNFR traded up $0.01 during mid-day trading on Wednesday, reaching $1.01. 667 shares of the company’s stock were exchanged, compared to its average volume of 4,316. The company’s 50-day moving average is $1.10 and its 200-day moving average is $1.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market capitalization of $12.34 million, a price-to-earnings 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.
Insider Activity at Conifer
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 value of $200,000.00. Following the completion of the transaction, the chief executive officer now directly owns 410,232 shares in the company, valued at approximately $820,464. This represents a 19.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 70.40% of the stock is currently owned by insiders.
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.
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