Oxbridge Re Holdings Limited (NASDAQ:OXBR) Short Interest Update

Oxbridge Re Holdings Limited (NASDAQ:OXBR) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 28,600 shares, an increase of 136.4% from the August 31st total of 12,100 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 105,700 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 105,700 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are sold short.

Oxbridge Re Stock Performance

Shares of NASDAQ OXBR opened at $1.85 on Friday. The stock has a market cap of $14.13 million, a PE ratio of -4.51 and a beta of 1.99. Oxbridge Re has a 52-week low of $1.27 and a 52-week high of $5.81. The business has a fifty day moving average of $1.97 and a two-hundred day moving average of $1.86.

Oxbridge Re (NASDAQ:OXBR) last posted its quarterly earnings results on Thursday, August 14th. The insurance provider reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.28). The company had revenue of $0.66 million during the quarter, compared to the consensus estimate of $1.11 million. Oxbridge Re had a negative return on equity of 59.48% and a negative net margin of 151.89%.

Institutional Trading of Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. lifted its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 15.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,700 shares of the insurance provider’s stock after acquiring an additional 9,400 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.92% of Oxbridge Re worth $130,000 as of its most recent SEC filing. 5.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Oxbridge Re in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.00.

About Oxbridge Re

Oxbridge Re Holdings Limited, through its subsidiaries, provides specialty property and casualty reinsurance solutions. The company underwrites collateralized reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. It also issues reinsurance contracts through digital securities by blockchain technology.