Stock Alert: CNFinance (CNF) Trades 9.39% Higher May 13

Equities Staff  |

CNFinance Holdings Ltd - ADR (NYSE:CNF) shares changed 9.39% today on 14,070 shares - compared to the 30 day average of 32,229 shares traded.

As of today’s closing price of $2.68 the company has a 50 day moving average of $3.06.

The company expects its next earnings on 2022-05-26.

CNFinance has moved 39.95% so far this year.

For technical charts, analysis, and more on CNFinance visit the company profile.

About CNFinance Holdings Ltd - ADR

CNFinance Holdings Limited ('CNFinance' or the 'Company) is a leading home equity loan service provider in China. CNFinance conducts business by collaborating with sales partners and trust company partners. Sales partners are responsible for recommending micro-and small-enterprise ('MSE') owners with financing needs to the Company and the Company introduces eligible borrowers to its trust company partners who will then conduct their own risk assessments and make credit decisions. The Company's primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities in China. The loans CNFinance facilitates are primarily funded through a trust lending model with its trust company partners who are well-established with sufficient funding sources and have licenses to engage in lending business nationwide. The Company's risk mitigation mechanism is embedded in the design of its loan products, supported by an integrated online and offline process focusing on risks of both borrowers and collateral and further enhanced by effective post-loan management procedures.

To get more information on CNFinance Holdings Ltd - ADR and to follow the company's latest updates, you can visit the company's profile page here: CNFinance Holdings Ltd - ADR's Profile. For more news on the financial markets be sure to visit Equities News. Also, don't forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week.

Sources: Symbol info widget is provided by TradingView based on 15-minute-delayed prices. All other article data is provided by IEX Cloud on 15-minute delayed prices or EOD company info.

Stock price data is provided by IEX Cloud on a 15-minute delayed basis. Chart price data is provided by TradingView on a 15-minute delayed basis.

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