Oxbridge Re Holdings Limited (NASDAQ:OXBR) Short Interest Down 37.9% in May

Oxbridge Re Holdings Limited (NASDAQ:OXBR) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 39,200 shares, a decline of 37.9% from the May 15th total of 63,100 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 66,300 shares, the days-to-cover ratio is presently 0.6 days.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wall Street Zen started coverage on shares of Oxbridge Re in a research report on Friday, May 16th. They issued a “hold” rating on the stock. Maxim Group assumed coverage on Oxbridge Re in a report on Wednesday, April 30th. They set a “buy” rating and a $5.00 target price on the stock.

Insider Buying and Selling at Oxbridge Re

In related news, CEO Sanjay Madhu acquired 22,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average price of $1.86 per share, with a total value of $41,850.00. Following the completion of the acquisition, the chief executive officer now owns 379,679 shares in the company, valued at approximately $706,202.94. This represents a 6.30% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 19.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Oxbridge Re by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 133,849 shares of the insurance provider’s stock valued at $541,000 after purchasing an additional 4,555 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. increased its position in shares of Oxbridge Re by 15.9% in the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 68,700 shares of the insurance provider’s stock worth $130,000 after acquiring an additional 9,400 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Oxbridge Re in the 4th quarter valued at $52,000. LPL Financial LLC acquired a new position in shares of Oxbridge Re during the 4th quarter valued at $415,000. Finally, Armistice Capital LLC purchased a new stake in Oxbridge Re during the 1st quarter worth $1,176,000. 5.64% of the stock is owned by hedge funds and other institutional investors.

Oxbridge Re Stock Up 5.7%

Shares of OXBR stock traded up $0.09 during mid-day trading on Monday, hitting $1.64. 12,712 shares of the company’s stock were exchanged, compared to its average volume of 39,087. The stock has a 50-day simple moving average of $1.64 and a two-hundred day simple moving average of $2.98. Oxbridge Re has a fifty-two week low of $1.27 and a fifty-two week high of $5.81. The stock has a market cap of $12.20 million, a price-to-earnings ratio of -1.93 and a beta of 1.68.

Oxbridge Re (NASDAQ:OXBR) last posted its quarterly earnings data on Monday, May 12th. The insurance provider reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $0.69 million for the quarter, compared to analyst estimates of $0.65 million.

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.