Short Interest in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Grows By 24.3%

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 175,500 shares, an increase of 24.3% from the February 28th total of 141,200 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 85,600 shares, the short-interest ratio is presently 2.1 days.

Analyst Ratings Changes

Separately, StockNews.com lowered Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th.

Insider Transactions at Greenlight Capital Re

In other Greenlight Capital Re news, insider Brian Joseph Oreilly sold 8,000 shares of Greenlight Capital Re stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $14.00, for a total transaction of $112,000.00. Following the transaction, the insider now directly owns 99,330 shares of the company’s stock, valued at approximately $1,390,620. The trade was a 7.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 22.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On Greenlight Capital Re

Several institutional investors and hedge funds have recently made changes to their positions in GLRE. R Squared Ltd acquired a new position in Greenlight Capital Re in the fourth quarter valued at approximately $29,000. Aquatic Capital Management LLC increased its stake in shares of Greenlight Capital Re by 374.4% in the 4th quarter. Aquatic Capital Management LLC now owns 3,795 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 2,995 shares in the last quarter. Bfsg LLC lifted its position in shares of Greenlight Capital Re by 13.3% during the 4th quarter. Bfsg LLC now owns 7,405 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 870 shares during the period. Centiva Capital LP bought a new position in Greenlight Capital Re during the third quarter worth $139,000. Finally, Janney Montgomery Scott LLC bought a new stake in Greenlight Capital Re in the fourth quarter valued at $144,000. Institutional investors own 41.52% of the company’s stock.

Greenlight Capital Re Trading Up 1.2 %

Shares of NASDAQ:GLRE traded up $0.17 during trading on Tuesday, reaching $13.72. The stock had a trading volume of 17,431 shares, compared to its average volume of 86,657. Greenlight Capital Re has a 52 week low of $11.93 and a 52 week high of $15.82. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02. The firm’s fifty day moving average is $13.55 and its 200 day moving average is $13.92. The stock has a market cap of $474.05 million, a price-to-earnings ratio of 5.44 and a beta of 0.86.

Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings results on Monday, March 10th. The financial services provider reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($1.40). Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. The firm had revenue of $143.76 million for the quarter.

About Greenlight Capital Re

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.