Short Interest Change: Conifer Holdings Incorporated (NASDAQ:CNFR)’s Trend Up, Especially After Decreased Shorts

November 30, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Change: Conifer Holdings Incorporated (NASDAQ:CNFR)’s Trend Up, Especially After Decreased Shorts

The stock of Conifer Holdings Incorporated (NASDAQ:CNFR) registered a decrease of 7.93% in short interest. CNFR’s total short interest was 65,000 shares in November as published by FINRA. Its down 7.93% from 70,600 shares, reported previously. With 5,900 shares average volume, it will take short sellers 11 days to cover their CNFR’s short positions. The short interest to Conifer Holdings Incorporated’s float is 1.59%. The stock increased 0.70% or $0.05 on November 29, hitting $7.15. Conifer Holdings Inc (NASDAQ:CNFR) has risen 2.14% since April 27, 2016 and is uptrending. It has underperformed by 3.08% the S&P500.

Conifer Holdings, Inc. is an insurance holding company. The company has a market cap of $54.57 million. Through its insurance firm subsidiaries, the Company offers insurance coverage in both specialty commercial and specialty personal product lines. It currently has negative earnings. It operates through two divisions: commercial lines and personal lines.

Conifer Holdings Inc (NASDAQ:CNFR) Ratings Coverage

Out of 4 analysts covering Conifer Holdings (NASDAQ:CNFR), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Conifer Holdings has been the topic of 7 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The company was initiated on Tuesday, September 8 by Raymond James. The firm earned “Market Perform” rating on Wednesday, February 24 by BMO Capital Markets. Sandler O’Neill downgraded the stock to “Hold” rating in Friday, April 29 report. The stock has “Market Perform” rating given by William Blair on Wednesday, February 24. Sandler O’Neill initiated the shares of CNFR in a report on Tuesday, September 8 with “Buy” rating. William Blair initiated the stock with “Buy” rating in Thursday, September 17 report.

CNFR Company Profile

Conifer Holdings, Inc., incorporated on October 27, 2009, is an insurance holding company. Through its insurance firm subsidiaries, the Company offers insurance coverage in both specialty commercial and specialty personal product lines. The Firm operates through two divisions: commercial lines and personal lines. Within the two insurance divisions, the Company offers a range of insurance products. The Firm is engaged in underwriting and marketing insurance coverage, and administering claims processing for such policies. The Firm is authorized to write insurance as an excess and surplus lines (E&S) carrier in approximately 40 states. The Firm is licensed to write insurance in over 30 states as an admitted carrier and it offers its insurance products in over 50 states. The Company’s subsidiaries include Conifer Insurance Company (CIC), White Pine Insurance Company (WPIC), Red Cedar Insurance Company (RCIC), American Colonial Insurance Company (ACIC), American Colonial Insurance Services (ACIS) and Sycamore Insurance Agency, Inc. (SIA).

More news for Conifer Holdings Inc (NASDAQ:CNFR) were recently published by: Marketwatch.com, which released: “Conifer Holdings Inc.” on July 08, 2015. Globenewswire.com‘s article titled: “Conifer Holdings Provides Preliminary Estimate of Catastrophe Losses from …” and published on October 21, 2016 is yet another important article.

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By Ellis Scott


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