Oxbridge Re Holdings Limited (NASDAQ:OXBR) Short Interest Update

Oxbridge Re Holdings Limited (NASDAQ:OXBR) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 37,700 shares, a drop of 32.1% from the December 15th total of 55,500 shares. Based on an average daily trading volume, of 29,600 shares, the short-interest ratio is presently 1.3 days. Currently, 0.7% of the company’s shares are sold short.

Institutional Trading of Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Geode Capital Management LLC increased its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 129,294 shares of the insurance provider’s stock after purchasing an additional 4,141 shares during the period. Geode Capital Management LLC owned approximately 2.14% of Oxbridge Re worth $359,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 5.64% of the company’s stock.

Oxbridge Re Price Performance

OXBR traded up $0.37 during mid-day trading on Friday, hitting $4.32. The stock had a trading volume of 42,501 shares, compared to its average volume of 21,909. The stock’s fifty day simple moving average is $3.61 and its 200-day simple moving average is $2.93. The firm has a market capitalization of $26.09 million, a price-to-earnings ratio of -5.14 and a beta of 0.93. Oxbridge Re has a 1-year low of $0.87 and a 1-year high of $4.96.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Oxbridge Re in a research note on Thursday. They issued a “hold” rating for the company.

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.