Oxbridge Re Holdings Limited (NASDAQ:OXBR) Shares Shorted: Short Interest Up 295.9% in October

Oxbridge Re Holdings Limited (NASDAQ:OXBR) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 52,742 shares, an increase of 295.9% from the October 15th total of 13,321 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 26,228 shares, the days-to-cover ratio is presently 2.0 days.

Wall Street Analyst Weigh In

OXBR has been the subject of several research analyst reports. Zacks Research upgraded Oxbridge Re from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Oxbridge Re in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $3.00.

Oxbridge Re Stock Up 1.5%

Shares of NASDAQ:OXBR traded up $0.01 during midday trading on Friday, reaching $0.88. The company’s stock had a trading volume of 5,569 shares, compared to its average volume of 218,893. The firm has a market capitalization of $7.19 million, a PE ratio of -88.71 and a beta of 2.05. Oxbridge Re has a twelve month low of $0.65 and a twelve month high of $1.86. The stock has a fifty day moving average of $1.11 and a 200 day moving average of $1.10.

Oxbridge Re (NASDAQ:OXBR) last posted its earnings results on Monday, November 9th. The insurance provider reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). Oxbridge Re had a negative net margin of 4.29% and a negative return on equity of 1.63%. The company had revenue of $0.26 million during the quarter, compared to the consensus estimate of $0.40 million. Sell-side analysts anticipate that Oxbridge Re will post -0.10 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oxbridge Re

A hedge fund recently bought a new stake in Oxbridge Re stock. Citadel Advisors LLC bought a new position in Oxbridge Re Holdings Limited (NASDAQ:OXBR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 65,855 shares of the insurance provider’s stock, valued at approximately $68,000. Citadel Advisors LLC owned about 0.81% of Oxbridge Re as of its most recent SEC filing. Institutional investors and hedge funds own 5.64% of the company’s stock.

Oxbridge Re Company Profile

Oxbridge Re Holdings Limited is a specialty reinsurance holding company listed on the Nasdaq Capital Market under the symbol OXBR. The company conducts its reinsurance activities primarily through Oxbridge Reinsurance Limited, a Bermuda-based subsidiary, and focuses on providing collateralized property catastrophe reinsurance. Its coverage is designed to protect insurance companies against losses from major natural-catastrophe events, including hurricanes and other severe weather-related disasters.