Presurance Holdings, Inc. (NASDAQ:PRHI) Short Interest Update

Presurance Holdings, Inc. (NASDAQ:PRHI) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 20,994 shares, a growth of 92.5% from the May 14th total of 10,905 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average daily volume of 31,313 shares, the short-interest ratio is currently 0.7 days.

Insider Transactions at Presurance

In other Presurance news, CEO Brian J. Roney bought 14,285 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was bought at an average cost of $5.04 per share, for a total transaction of $71,996.40. Following the completion of the transaction, the chief executive officer directly owned 72,890 shares of the company’s stock, valued at approximately $367,365.60. This trade represents a 24.38% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 17,823 shares of company stock worth $90,389 in the last three months. Insiders own 73.30% of the company’s stock.

Presurance Price Performance

Shares of PRHI stock traded down $0.01 on Friday, reaching $4.98. 9,556 shares of the company were exchanged, compared to its average volume of 23,237. The company has a market cap of $18.65 million, a price-to-earnings ratio of -0.51 and a beta of 1.10. The business has a 50-day moving average price of $4.94 and a 200 day moving average price of $5.13. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. Presurance has a 1 year low of $3.36 and a 1 year high of $19.81.

Presurance (NASDAQ:PRHI) last released its earnings results on Friday, March 27th. The company reported ($8.68) EPS for the quarter. The company had revenue of $4.62 million for the quarter. Presurance had a negative return on equity of 104.13% and a negative net margin of 41.92%.

Wall Street Analyst Weigh In

PRHI has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Presurance in a research report on Wednesday, April 29th. UBS Group set a $7.00 price objective on shares of Presurance in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell” and an average target price of $7.00.

Presurance Company Profile

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, including companies that provide security guard services, security alarm products and services, and private investigative services.