Presurance Holdings, Inc. (NASDAQ:PRHI) Short Interest Up 83.6% in June

Presurance Holdings, Inc. (NASDAQ:PRHI) saw a large increase in short interest during the month of 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 currently 1.0 days. Currently, 1.7% of the shares of the company are sold short.

Presurance Price Performance

Shares of NASDAQ PRHI opened at $5.34 on Friday. Presurance has a 1-year low of $3.36 and a 1-year high of $19.81. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.73 and a quick ratio of 0.73. The business’s fifty day moving average price is $4.99 and its two-hundred day moving average price is $4.90. The firm has a market capitalization of $20.02 million, a PE ratio of -0.55 and a beta of 1.06.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PRHI. UBS Group set a $7.00 price objective on shares of Presurance in a research note on Thursday, May 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Presurance in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Presurance has a consensus rating of “Sell” and a consensus price target of $7.00.

Presurance Company Profile

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.