Presurance Holdings, Inc. (NASDAQ:PRHI) Short Interest Up 92.5% in May

Presurance Holdings, Inc. (NASDAQ:PRHI) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 20,994 shares, a growth of 92.5% from the May 14th total of 10,905 shares. Based on an average daily trading volume, of 31,313 shares, the days-to-cover ratio is currently 0.7 days. Approximately 2.1% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of brokerages recently commented on PRHI. UBS Group set a $7.00 price target on Presurance in a research 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 analyst has rated the stock with a Sell rating, According to data from MarketBeat, Presurance has an average rating of “Sell” and an average price target of $7.00.

Presurance Price Performance

Shares of NASDAQ PRHI traded down $0.08 during mid-day trading on Monday, reaching $4.90. The company had a trading volume of 24,092 shares, compared to its average volume of 23,601. 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 one year low of $3.36 and a one year high of $19.81. The firm has a market cap of $18.33 million, a price-to-earnings ratio of -0.50 and a beta of 1.10. The business’s 50-day simple moving average is $4.93 and its 200 day simple moving average is $5.12.

Presurance (NASDAQ:PRHI) last issued its quarterly earnings results on Friday, March 27th. The company reported ($8.68) EPS for the quarter. Presurance had a negative return on equity of 104.13% and a negative net margin of 41.92%.The company had revenue of $4.62 million during the quarter.

Insider Buying and Selling at Presurance

In other news, CEO Brian J. Roney bought 14,285 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was bought at an average price of $5.04 per share, with a total value of $71,996.40. Following the completion of the acquisition, the chief executive officer owned 72,890 shares of the company’s stock, valued at $367,365.60. This represents a 24.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired a total of 17,823 shares of company stock worth $90,389 over the last three months. 73.30% of the stock is currently owned by company insiders.

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.