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

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

Institutional Trading of Oxbridge Re

Several hedge funds and other institutional investors have recently bought and sold shares of OXBR. Geode Capital Management LLC grew its position in shares of Oxbridge Re by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 133,849 shares of the insurance provider’s stock worth $541,000 after purchasing an additional 4,555 shares in the last quarter. LPL Financial LLC acquired a new stake in Oxbridge Re during the fourth quarter worth approximately $415,000. Henrickson Nauta Wealth Advisors Inc. increased its stake in Oxbridge Re by 15.9% during the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 68,700 shares of the insurance provider’s stock worth $130,000 after acquiring an additional 9,400 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in Oxbridge Re in the 4th quarter valued at $52,000. Institutional investors and hedge funds own 5.64% of the company’s stock.

Oxbridge Re Stock Down 6.3 %

Shares of NASDAQ:OXBR opened at $1.51 on Wednesday. The stock has a market cap of $11.23 million, a PE ratio of -1.80 and a beta of 1.29. Oxbridge Re has a 12-month low of $0.98 and a 12-month high of $5.81. The business has a 50 day moving average of $3.03 and a 200-day moving average of $3.31.

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

Analyst Upgrades and Downgrades

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

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.