Presurance Holdings, Inc. (NASDAQ:PRHI) Sees Significant Decrease in Short Interest

Presurance Holdings, Inc. (NASDAQ:PRHI) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 7,012 shares, a drop of 69.1% from the August 15th total of 22,700 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 5,349 shares, the days-to-cover ratio is currently 1.3 days.

Presurance Stock Up 4.7%

NASDAQ PRHI traded up $0.41 during mid-day trading on Monday, hitting $9.15. The company’s stock had a trading volume of 8,911 shares, compared to its average volume of 23,800. The company’s 50 day simple moving average is $6.08 and its 200 day simple moving average is $5.29. Presurance has a twelve month low of $3.36 and a twelve month high of $19.81. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $34.31 million, a price-to-earnings ratio of -0.89 and a beta of 0.98.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group set a $7.00 price objective on shares of Presurance in a report on Thursday, May 28th. Weiss Ratings downgraded Presurance from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Presurance has an average rating of “Sell” and a consensus target price of $7.00.

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.