Orion180 Insurance Group Inc. (NASDAQ:OIG) Stock Short Interest Report for September

Orion180 Insurance Group Inc. (NASDAQ:OIG) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 642,803 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 898,165 shares, the days-to-cover ratio is currently 0.7 days.

Orion180 Insurance Group Stock Performance

Shares of OIG stock traded up $0.43 on Friday, reaching $9.58. 161,491 shares of the stock were exchanged, compared to its average volume of 514,019. Orion180 Insurance Group has a 1-year low of $7.78 and a 1-year high of $12.06.

Analyst Ratings Changes

A number of research firms recently weighed in on OIG. The Goldman Sachs Group started coverage on Orion180 Insurance Group in a research report on Tuesday. They issued a “buy” rating and a $13.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on Orion180 Insurance Group in a research note on Tuesday. They issued a “buy” rating and a $12.90 target price for the company. UBS Group assumed coverage on Orion180 Insurance Group in a research note on Tuesday. They issued a “buy” rating and a $14.00 target price for the company. Raymond James Financial initiated coverage on shares of Orion180 Insurance Group in a report on Tuesday. They issued a “market perform” rating for the company. Finally, Citigroup began coverage on Orion180 Insurance Group in a research note on Tuesday. They set a “market outperform” rating for the company. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.98.

Orion180 Insurance Group Company Profile

Orion180 Insurance Group, Inc is an insurance holding company focused on personal property and casualty insurance. Through its affiliated insurance carriers and distribution businesses, the company provides coverage designed primarily for homeowners and other residential property owners.

The company uses a technology-driven platform to support insurance quoting, underwriting, policy administration, claims management, and customer service. Its product offerings have included homeowners insurance and related personal-lines coverage, with an emphasis on serving customers in markets exposed to severe weather and other property risks.

Orion180 was founded in 2016 and is headquartered in Melbourne, Florida.