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

Oxbridge Re Holdings Limited (NASDAQ:OXBR) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 19,200 shares, an increase of 2,033.3% from the March 15th total of 900 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 34,400 shares, the short-interest ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Oxbridge Re in a research note on Monday. They issued a “hold” rating on the stock.

Institutional Trading of Oxbridge Re

A number of hedge funds have recently added to or reduced their stakes in OXBR. Geode Capital Management LLC increased its holdings in shares of Oxbridge Re by 3.3% during the third quarter. Geode Capital Management LLC now owns 129,294 shares of the insurance provider’s stock worth $359,000 after buying an additional 4,141 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. increased its holdings in Oxbridge Re by 26.7% in the 4th quarter. Henrickson Nauta Wealth Advisors Inc. now owns 59,300 shares of the insurance provider’s stock worth $244,000 after purchasing an additional 12,500 shares in the last quarter. Renaissance Technologies LLC bought a new position in Oxbridge Re in the fourth quarter valued at about $52,000. Finally, LPL Financial LLC bought a new position in Oxbridge Re in the fourth quarter valued at about $415,000. Institutional investors and hedge funds own 5.64% of the company’s stock.

Oxbridge Re Stock Performance

Oxbridge Re stock opened at $1.51 on Wednesday. Oxbridge Re has a 52 week low of $0.98 and a 52 week high of $5.81. The stock has a market capitalization of $11.23 million, a P/E ratio of -1.80 and a beta of 1.29. The stock has a fifty day moving average of $3.03 and a 200-day moving average of $3.31.

Oxbridge Re (NASDAQ:OXBR) last issued its earnings results on Wednesday, March 26th. The insurance provider reported ($0.05) EPS for the quarter. The business had revenue of $0.42 million during the quarter.

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.