Hiscox Ltd (OTCMKTS:HCXLF) Short Interest Up 58.8% in December

Hiscox Ltd (OTCMKTS:HCXLFGet Rating) saw a significant growth in short interest during the month of December. As of December 30th, there was short interest totalling 30,800 shares, a growth of 58.8% from the December 15th total of 19,400 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Hiscox Stock Performance

Shares of OTCMKTS HCXLF opened at $13.50 on Friday. Hiscox has a twelve month low of $10.52 and a twelve month high of $13.23. The business has a 50 day simple moving average of $11.62 and a 200-day simple moving average of $11.06.

Analysts Set New Price Targets

HCXLF has been the topic of several recent analyst reports. Royal Bank of Canada increased their price target on shares of Hiscox from GBX 925 ($11.29) to GBX 975 ($11.90) in a research note on Thursday, November 3rd. Credit Suisse Group lifted their price objective on Hiscox from GBX 1,200 ($14.64) to GBX 1,230 ($15.01) in a research report on Tuesday, November 8th. Barclays dropped their price objective on Hiscox from GBX 1,208 ($14.74) to GBX 1,145 ($13.97) in a research report on Tuesday, November 22nd. Morgan Stanley lifted their price target on Hiscox from GBX 1,225 ($14.95) to GBX 1,331 ($16.24) in a report on Monday, October 10th. Finally, Berenberg Bank lifted their price objective on Hiscox from GBX 990 ($12.08) to GBX 1,015 ($12.39) in a research note on Friday, November 4th.

About Hiscox

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Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It provides commercial insurance for small-and medium-sized businesses, personal lines cover, including high-value household, fine art, luxury motor, and classic car through brokers, partners and direct-to-consumer using both traditional and digital trading models.

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