Oxbridge Re Holdings Limited (NASDAQ:OXBR) Sees Significant Decrease in Short Interest

Oxbridge Re Holdings Limited (NASDAQ:OXBR) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 15,100 shares, a decrease of 32.9% from the February 13th total of 22,500 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 35,100 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Oxbridge Re in a research note on Thursday. They set a “hold” rating for the company.

Institutional Trading of Oxbridge Re

Several institutional investors and hedge funds have recently made changes to their positions in OXBR. Geode Capital Management LLC grew its holdings in shares of Oxbridge Re by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 129,294 shares of the insurance provider’s stock valued at $359,000 after buying an additional 4,141 shares during the period. Henrickson Nauta Wealth Advisors Inc. grew its holdings in shares of Oxbridge Re by 26.7% in the 4th quarter. Henrickson Nauta Wealth Advisors Inc. now owns 59,300 shares of the insurance provider’s stock valued at $244,000 after buying an additional 12,500 shares during the period. LPL Financial LLC acquired a new position in shares of Oxbridge Re in the 4th quarter valued at $415,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Oxbridge Re in the 4th quarter valued at $52,000. Institutional investors own 5.64% of the company’s stock.

Oxbridge Re Stock Down 3.9 %

OXBR stock traded down $0.11 during trading on Monday, hitting $2.71. The company had a trading volume of 32,718 shares, compared to its average volume of 29,174. The firm has a 50-day moving average price of $4.18 and a 200-day moving average price of $3.40. The stock has a market cap of $18.26 million, a price-to-earnings ratio of -3.23 and a beta of 1.30. Oxbridge Re has a 12 month low of $0.94 and a 12 month high of $5.81.

Oxbridge Re Company Profile

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.