Oxbridge Re Holdings Limited (NASDAQ:OXBR) Short Interest Down 54.6% in February

Oxbridge Re Holdings Limited (NASDAQ:OXBR) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 22,500 shares, a decline of 54.6% from the January 31st total of 49,600 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 37,100 shares, the days-to-cover ratio is currently 0.6 days.

Oxbridge Re Trading Up 2.8 %

NASDAQ:OXBR traded up $0.10 during trading hours on Friday, hitting $3.62. The stock had a trading volume of 11,603 shares, compared to its average volume of 34,359. The business has a 50 day simple moving average of $4.36 and a two-hundred day simple moving average of $3.33. Oxbridge Re has a 1-year low of $0.87 and a 1-year high of $5.81. The company has a market cap of $21.85 million, a PE ratio of -4.31 and a beta of 0.94.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Oxbridge Re in a research note on Tuesday, February 25th. They issued a “hold” rating for the company.

Hedge Funds Weigh In On Oxbridge Re

A number of institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new position in Oxbridge Re during the 4th quarter worth $52,000. Geode Capital Management LLC grew its stake in Oxbridge Re by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 133,849 shares of the insurance provider’s stock worth $541,000 after purchasing an additional 4,555 shares in the last quarter. LPL Financial LLC bought a new stake in Oxbridge Re in the fourth quarter valued at about $415,000. Finally, Henrickson Nauta Wealth Advisors Inc. raised its stake in Oxbridge Re by 26.7% during the fourth quarter. Henrickson Nauta Wealth Advisors Inc. now owns 59,300 shares of the insurance provider’s stock valued at $244,000 after buying an additional 12,500 shares in the last quarter. Institutional investors and hedge funds own 5.64% of the company’s stock.

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.