Orion180 Insurance Group Inc. (NASDAQ:OIG) Stock Short Interest Report for September

Orion180 Insurance Group Inc. (NASDAQ:OIG) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 642,803 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 898,165 shares, the short-interest ratio is currently 0.7 days.

Orion180 Insurance Group Price Performance

Shares of NASDAQ:OIG traded up $0.09 during trading on Thursday, hitting $9.15. 381,725 shares of the stock were exchanged, compared to its average volume of 535,596. Orion180 Insurance Group has a 12-month low of $7.78 and a 12-month high of $12.06.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. UBS Group started coverage on Orion180 Insurance Group in a research note on Tuesday. They issued a “buy” rating and a $14.00 price target on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Orion180 Insurance Group in a report on Tuesday. They set a “buy” rating and a $12.90 price objective on the stock. Citizens Jmp started coverage on Orion180 Insurance Group in a research report on Tuesday. They issued a “market outperform” rating and a $20.00 price objective for the company. Wall Street Zen raised Orion180 Insurance Group to a “hold” rating in a report on Saturday, September 26th. Finally, The Goldman Sachs Group started coverage on shares of Orion180 Insurance Group in a research report on Tuesday. They set a “buy” rating and a $13.00 target price on the stock. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.98.

Orion180 Insurance Group Company Profile

Orion180 Insurance Group, Inc is an insurance holding company focused on personal property and casualty insurance. Through its affiliated insurance carriers and distribution businesses, the company provides coverage designed primarily for homeowners and other residential property owners.

The company uses a technology-driven platform to support insurance quoting, underwriting, policy administration, claims management, and customer service. Its product offerings have included homeowners insurance and related personal-lines coverage, with an emphasis on serving customers in markets exposed to severe weather and other property risks.

Orion180 was founded in 2016 and is headquartered in Melbourne, Florida.