Oxbridge Re Holdings Limited (NASDAQ:OXBR) Short Interest Down 65.5% in June
by Jessica Moore · The Cerbat GemOxbridge Re Holdings Limited (NASDAQ:OXBR – Get Free Report) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 24,328 shares, a decrease of 65.5% from the June 15th total of 70,596 shares. Based on an average daily trading volume, of 48,429 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the company’s stock are sold short.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Henrickson Nauta Wealth Advisors Inc. grew its stake in Oxbridge Re by 100.0% during the 4th quarter. Henrickson Nauta Wealth Advisors Inc. now owns 137,400 shares of the insurance provider’s stock worth $185,000 after buying an additional 68,700 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Oxbridge Re by 106.1% during the fourth quarter. J.W. Cole Advisors Inc. now owns 68,000 shares of the insurance provider’s stock valued at $90,000 after acquiring an additional 35,000 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Oxbridge Re during the fourth quarter valued at $39,000. Finally, Virtu Financial LLC bought a new position in shares of Oxbridge Re during the third quarter worth about $32,000. Institutional investors and hedge funds own 5.64% of the company’s stock.
Oxbridge Re Stock Performance
OXBR stock traded down $0.06 during midday trading on Tuesday, reaching $1.58. The company had a trading volume of 39,063 shares, compared to its average volume of 341,300. The company has a quick ratio of 8.15, a current ratio of 8.15 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average price of $1.06 and a 200 day moving average price of $1.04. Oxbridge Re has a fifty-two week low of $0.66 and a fifty-two week high of $2.86. The firm has a market capitalization of $12.80 million, a PE ratio of -6.32 and a beta of 2.01.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Weiss Ratings lowered Oxbridge Re from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. Zacks Research raised Oxbridge Re to a “hold” rating in a research report on Wednesday, June 17th. Finally, Maxim Group reduced their price objective on Oxbridge Re from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $3.00.
Check Out Our Latest Research Report on Oxbridge Re
About Oxbridge Re
Oxbridge Re Holdings Limited (NASDAQ: OXBR) is a reinsurance holding company that provides capital solutions and risk-sharing arrangements to insurance carriers. Its core business centers on offering treaty reinsurance and structured transactions designed to help insurers manage underwriting exposures and optimize their capital efficiency. By leveraging tailored financing structures, Oxbridge Re enables clients to transfer segments of their in-force life and health insurance portfolios, freeing up capital for growth or other strategic initiatives.
The company’s products and services include quota share reinsurance, coinsurance, and loss portfolio transfers, each crafted to address specific balance sheet and earnings targets of cedents.