Presurance Holdings, Inc. (NASDAQ:PRHI) Stock Short Interest Report for October

Presurance Holdings, Inc. (NASDAQ:PRHI) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 7,170 shares, an increase of 111.1% from the September 30th total of 3,397 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 26,609 shares, the days-to-cover ratio is currently 0.3 days.

Insider Activity

In other Presurance news, CFO Harold J. Meloche purchased 4,100 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were purchased at an average cost of $6.38 per share, with a total value of $26,158.00. Following the purchase, the chief financial officer owned 14,468 shares in the company, valued at approximately $92,305.84. This represents a 39.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph D. Sarafa acquired 11,000 shares of Presurance stock in a transaction dated Wednesday, September 30th. The stock was purchased at an average cost of $6.75 per share, for a total transaction of $74,250.00. Following the completion of the purchase, the director directly owned 61,000 shares in the company, valued at approximately $411,750. This represents a 22.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 37,100 shares of company stock valued at $248,908 in the last 90 days. Insiders own 73.30% of the company’s stock.

Presurance Price Performance

Shares of Presurance stock traded down $0.21 during trading on Friday, hitting $7.04. The stock had a trading volume of 23,546 shares, compared to its average volume of 31,205. Presurance has a fifty-two week low of $3.36 and a fifty-two week high of $10.78. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.67 and a quick ratio of 0.67. The business has a fifty day moving average of $7.45 and a two-hundred day moving average of $5.59. The firm has a market cap of $26.37 million, a P/E ratio of -0.69 and a beta of 0.87.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Presurance from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of “Sell” and an average price target of $7.00.

About Presurance

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.