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

Presurance Holdings, Inc. (NASDAQ:PRHI) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 7,012 shares, a decline of 69.1% from the August 15th total of 22,700 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 5,349 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

PRHI has been the subject of a number of recent analyst reports. Weiss Ratings downgraded Presurance from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 28th. UBS Group set a $7.00 price target on Presurance in a research note on Thursday, May 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell” and a consensus price target of $7.00.

Presurance Trading Up 3.0%

Presurance stock traded up $0.25 during mid-day trading on Friday, hitting $8.64. 13,657 shares of the company’s stock were exchanged, compared to its average volume of 24,974. The firm has a market capitalization of $32.37 million, a P/E ratio of -0.84 and a beta of 0.98. Presurance has a fifty-two week low of $3.36 and a fifty-two week high of $19.81. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.44. The company’s 50 day simple moving average is $6.00 and its 200-day simple moving average is $5.26.

Presurance (NASDAQ:PRHI) last posted its earnings results on Wednesday, August 12th. The company reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $9.14 million during the quarter. Presurance had a negative return on equity of 89.12% and a negative net margin of 49.56%.

About Presurance

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.