Presurance Holdings, Inc. (NASDAQ:PRHI) Stock Short Interest Falls 47.3%

Presurance Holdings, Inc. (NASDAQ:PRHI) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 3,397 shares, a drop of 47.3% from the September 15th total of 6,451 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,664 shares, the short-interest ratio is currently 0.2 days.

Presurance Stock Down 2.3%

PRHI traded down $0.18 during trading hours on Wednesday, hitting $7.82. 6,732 shares of the company’s stock were exchanged, compared to its average volume of 15,092. Presurance has a 1-year low of $3.36 and a 1-year high of $11.34. 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 stock’s 50-day moving average is $7.03 and its two-hundred day moving average is $5.69. The stock has a market cap of $29.31 million, a price-to-earnings ratio of -0.76 and a beta of 0.87.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

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

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.