Presurance Holdings, Inc. (NASDAQ:PRHI) Short Interest Update

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. Based on an average trading volume of 5,349 shares, the short-interest ratio is currently 1.3 days. Approximately 0.7% of the company’s stock are sold short.

Presurance Stock Performance

Shares of PRHI stock traded up $0.25 on Friday, reaching $8.64. The stock had a trading volume of 13,657 shares, compared to its average volume of 24,974. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average is $6.00 and its two-hundred day moving average is $5.26. The firm has a market capitalization of $32.37 million, a price-to-earnings ratio of -0.84 and a beta of 0.98. Presurance has a 12 month low of $3.36 and a 12 month high of $19.81.

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

Analyst Ratings Changes

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

Presurance Company Profile

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.