Oxbridge Re Holdings Limited (NASDAQ:OXBR) Sees Large Decline in Short Interest

Posted by Tech Dows on Nov 17th, 2024

Oxbridge Re Holdings Limited (NASDAQ:OXBR – Get Free Report) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 29,000 shares, a decline of 22.7% from the October 15th total of 37,500 shares. Based on an average trading volume of 16,500 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.6% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Oxbridge Re in a report on Wednesday. They issued a “hold” rating for the company.

Check Out Our Latest Report on OXBR

Oxbridge Re Price Performance

Shares of Oxbridge Re stock traded up $0.03 on Friday, reaching $2.74. The company had a trading volume of 6,216 shares, compared to its average volume of 14,226. The firm’s 50-day moving average price is $2.63 and its two-hundred day moving average price is $2.41. Oxbridge Re has a 1 year low of $0.87 and a 1 year high of $3.72. The firm has a market cap of $16.55 million, a price-to-earnings ratio of -3.26 and a beta of 0.96.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Oxbridge Re stock. Geode Capital Management LLC increased its holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR – Free Report) by 3.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 129,294 shares of the insurance provider’s stock after acquiring an additional 4,141 shares during the period. Geode Capital Management LLC owned about 2.14% of Oxbridge Re worth $359,000 at the end of the most recent quarter. 5.64% of the stock is owned by hedge funds and other institutional investors.

Oxbridge Re Company Profile

(Get Free Report)

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.