Kingsway Financial Services Inc (NYSE:KFS) (TSE:KFS) saw a large decrease in short interest in June. As of June 30th, there was short interest totalling 17,500 shares, a decrease of 40.5% from the May 30th total of 29,400 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 29,200 shares, the days-to-cover ratio is currently 0.6 days.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP bought a new position in Kingsway Financial Services in the 4th quarter valued at about $626,000. LSV Asset Management bought a new position in Kingsway Financial Services in the 1st quarter valued at about $196,000. Finally, Actinver Wealth Management Inc. bought a new position in Kingsway Financial Services in the 4th quarter valued at about $233,000. 27.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of KFS stock traded down $0.09 on Friday, reaching $2.60. 10,243 shares of the company were exchanged, compared to its average volume of 52,791. The firm has a 50-day simple moving average of $2.53. Kingsway Financial Services has a one year low of $1.82 and a one year high of $3.55.
About Kingsway Financial Services
Kingsway Financial Services Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through three segments: Insurance Underwriting, Extended Warranty, and Leased Real Estate. The Insurance Underwriting segment offers various automobile insurance products, including liability insurance that covers claims against its insured's responsible for automobile accidents; accident benefit policies or personal injury protection policies that provide coverage for loss of income, medical, and rehabilitation expenses for insured persons who are injured in an automobile accident; and physical damage policies, which cover damages to an insured automobile arising from a collision with another object, as well as from other risks, such as fire or theft.
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