Oxbridge Re Holdings Limited (NASDAQ:OXBR) Short Interest Up 136.4% in September

Oxbridge Re Holdings Limited (NASDAQ:OXBR) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 28,600 shares, an increase of 136.4% from the August 31st total of 12,100 shares. Based on an average daily trading volume, of 105,700 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 105,700 shares, the days-to-cover ratio is presently 0.3 days.

Oxbridge Re Stock Down 2.6%

Shares of OXBR stock opened at $1.85 on Monday. The company has a market capitalization of $14.13 million, a P/E ratio of -4.51 and a beta of 1.99. Oxbridge Re has a 12-month low of $1.27 and a 12-month high of $5.81. The firm has a 50-day moving average price of $1.97 and a 200 day moving average price of $1.86.

Oxbridge Re (NASDAQ:OXBR) last posted its quarterly earnings data on Thursday, August 14th. The insurance provider reported ($0.25) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.28). Oxbridge Re had a negative return on equity of 59.48% and a negative net margin of 151.89%.The firm had revenue of $0.66 million for the quarter, compared to analyst estimates of $1.11 million.

Hedge Funds Weigh In On Oxbridge Re

An institutional investor recently bought a new position in Oxbridge Re stock. Armistice Capital LLC bought a new position in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 622,165 shares of the insurance provider’s stock, valued at approximately $1,176,000. Armistice Capital LLC owned about 8.36% of Oxbridge Re as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 5.64% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Oxbridge Re in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.00.

Oxbridge Re Company Profile

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.