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

Oxbridge Re Holdings Limited (NASDAQ:OXBR) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 12,100 shares, a decrease of 52.4% from the August 15th total of 25,400 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 107,100 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 107,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. grew its holdings in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 15.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,700 shares of the insurance provider’s stock after purchasing an additional 9,400 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned about 0.92% of Oxbridge Re worth $130,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 5.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen assumed coverage on Oxbridge Re in a report on Friday, May 16th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $5.00.

Oxbridge Re Price Performance

Shares of OXBR stock opened at $2.44 on Friday. The stock has a market capitalization of $18.39 million, a PE ratio of -5.95 and a beta of 1.78. Oxbridge Re has a 1-year low of $1.27 and a 1-year high of $5.81. The business has a 50-day moving average of $2.00 and a 200 day moving average of $1.98.

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

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.