Oxbridge Re Holdings Limited (NASDAQ:OXBR) Stock Short Interest Falls 50.2%

by · The Markets Daily

Oxbridge Re Holdings Limited (NASDAQ:OXBR – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 20,782 shares, a decrease of 50.2% from the August 31st total of 41,747 shares. Based on an average daily volume of 25,739 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the company’s stock are sold short.

Analyst Ratings Changes

Several research analysts have weighed in on OXBR shares. Weiss Ratings raised Oxbridge Re from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. Maxim Group lowered their target price on shares of Oxbridge Re from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Tuesday, June 16th. Finally, Zacks Research lowered shares of Oxbridge Re from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Oxbridge Re currently has an average rating of “Reduce” and an average price target of $3.00.

Read Our Latest Stock Analysis on OXBR

Oxbridge Re Trading Down 23.2%

Shares of OXBR traded down $0.29 during mid-day trading on Wednesday, reaching $0.97. The company’s stock had a trading volume of 112,056 shares, compared to its average volume of 253,599. Oxbridge Re has a 1-year low of $0.66 and a 1-year high of $2.13. The business has a 50-day simple moving average of $1.38 and a two-hundred day simple moving average of $1.14. The stock has a market cap of $7.94 million, a P/E ratio of 48.77 and a beta of 1.97.

Oxbridge Re (NASDAQ:OXBR – Get Free Report) last posted its earnings results on Thursday, August 13th. The insurance provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Oxbridge Re had a return on equity of 2.14% and a net margin of 4.71%.The business had revenue of $0.94 million for the quarter, compared to analyst estimates of $1.10 million. Research analysts anticipate that Oxbridge Re will post -0.08 EPS for the current year.

Institutional Investors Weigh In On Oxbridge Re

An institutional investor recently raised its stake in Oxbridge Re stock. International Assets Investment Management LLC raised its position in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR – Free Report) by 61.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,000 shares of the insurance provider’s stock after acquiring an additional 18,227 shares during the period. International Assets Investment Management LLC owned approximately 0.59% of Oxbridge Re worth $54,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.64% of the company’s stock.

About Oxbridge Re

(Get Free Report)

Oxbridge Re Holdings Limited (NASDAQ: OXBR) is a Bermuda-based specialty reinsurance holding company. Through its subsidiaries, the company provides collateralized reinsurance and other insurance-linked solutions designed to cover property catastrophe risks.

Oxbridge Re’s reinsurance activities have historically focused primarily on catastrophe-exposed property in the United States, including coastal areas of the Gulf Coast. Its business model uses collateral and capital-market structures to support coverage for events such as hurricanes and other major natural catastrophes.

The company has also pursued insurance-linked securities and technology initiatives, including efforts to use blockchain-based structures to broaden access to reinsurance-related investments.

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