Short Interest in Oxbridge Re Holdings Limited (NASDAQ:OXBR) Declines By 69.6%

Oxbridge Re Holdings Limited (NASDAQ:OXBRGet Rating) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 17,500 shares, a decrease of 69.6% from the March 31st total of 57,500 shares. Based on an average daily trading volume, of 53,700 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are sold short.

Separately, StockNews.com began coverage on Oxbridge Re in a research note on Friday, April 22nd. They set a “hold” rating on the stock.

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Oxbridge Re by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 98,882 shares of the insurance provider’s stock valued at $555,000 after purchasing an additional 6,726 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Oxbridge Re by 8.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 45,727 shares of the insurance provider’s stock worth $257,000 after buying an additional 3,487 shares in the last quarter. Virtu Financial LLC bought a new position in Oxbridge Re in the 4th quarter worth approximately $178,000. Susquehanna International Group LLP bought a new position in Oxbridge Re in the 4th quarter worth approximately $174,000. Finally, Renaissance Technologies LLC grew its holdings in Oxbridge Re by 73.4% in the 4th quarter. Renaissance Technologies LLC now owns 30,000 shares of the insurance provider’s stock worth $169,000 after buying an additional 12,700 shares in the last quarter. 4.82% of the stock is owned by institutional investors.

Shares of NASDAQ OXBR opened at $4.64 on Thursday. The stock’s 50 day moving average price is $5.76 and its two-hundred day moving average price is $5.19. Oxbridge Re has a 52-week low of $1.86 and a 52-week high of $7.13. The stock has a market capitalization of $26.68 million, a P/E ratio of 3.11 and a beta of 0.68.

Oxbridge Re (NASDAQ:OXBRGet Rating) last posted its earnings results on Wednesday, March 30th. The insurance provider reported $0.27 EPS for the quarter. The company had revenue of $2.07 million during the quarter. Oxbridge Re had a return on equity of 70.89% and a net margin of 83.77%.

About Oxbridge Re (Get Rating)

Oxbridge Re Holdings Limited, together with its subsidiaries, provides specialty property and casualty reinsurance solutions. It underwrites reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. The company distributes its products and solutions through reinsurance brokers.

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