Oxbridge Re Holdings Limited (NASDAQ:OXBR) Short Interest Update

Oxbridge Re Holdings Limited (NASDAQ:OXBR) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 33,900 shares, a decrease of 31.1% from the August 15th total of 49,200 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 31,200 shares, the short-interest ratio is currently 1.1 days.

Oxbridge Re Price Performance

Shares of OXBR stock traded down $0.04 during trading hours on Monday, reaching $2.30. The company had a trading volume of 3,116 shares, compared to its average volume of 23,757. Oxbridge Re has a 12 month low of $0.87 and a 12 month high of $3.72. The business has a fifty day simple moving average of $2.51 and a 200-day simple moving average of $1.90. The company has a market cap of $13.82 million, a price-to-earnings ratio of -1.23 and a beta of 0.94.

Oxbridge Re (NASDAQ:OXBR) last posted its earnings results on Thursday, August 8th. The insurance provider reported ($0.14) earnings per share for the quarter. The firm had revenue of $0.04 million during the quarter.

Insiders Place Their Bets

In other Oxbridge Re news, major shareholder Allan S. Martin sold 11,433 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $3.09, for a total value of $35,327.97. Following the transaction, the insider now owns 292,420 shares in the company, valued at $903,577.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Allan S. Martin sold 11,690 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $3.08, for a total value of $36,005.20. Following the transaction, the insider now owns 269,631 shares in the company, valued at $830,463.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Allan S. Martin sold 11,433 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $3.09, for a total value of $35,327.97. Following the completion of the transaction, the insider now owns 292,420 shares in the company, valued at approximately $903,577.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,154 shares of company stock worth $89,725. Corporate insiders own 17.67% of the company’s stock.

Institutional Trading of Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. lifted its holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,000 shares of the insurance provider’s stock after acquiring an additional 5,000 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned 0.25% of Oxbridge Re worth $36,000 at the end of the most recent quarter. 5.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Oxbridge Re in a report on Tuesday, September 10th. They issued a “hold” rating on the stock.

About Oxbridge Re

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.