Presurance Holdings, Inc. (NASDAQ:PRHI) Sees Significant Growth in Short Interest

Presurance Holdings, Inc. (NASDAQ:PRHI – Get Free Report) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 16,870 shares, an increase of 83.6% from the June 15th total of 9,188 shares. Based on an average daily trading volume, of 17,505 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PRHI. UBS Group set a $7.00 price target on shares of Presurance in a report on Thursday, May 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Presurance in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell” and an average target price of $7.00.

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Presurance Price Performance

PRHI stock traded up $0.29 on Friday, reaching $5.34. The company had a trading volume of 3,325 shares, compared to its average volume of 8,994. The company’s fifty day moving average is $4.99 and its 200 day moving average is $4.90. The company has a market cap of $20.02 million, a P/E ratio of -0.55 and a beta of 1.06. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. Presurance has a 1 year low of $3.36 and a 1 year high of $19.81.

Presurance Company Profile

(Get Free Report)

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, including companies that provide security guard services, security alarm products and services, and private investigative services.

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