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

Oxbridge Re Holdings Limited (NASDAQ:OXBR) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 33,900 shares, a drop of 31.1% from the August 15th total of 49,200 shares. Based on an average trading volume of 31,200 shares, the short-interest ratio is currently 1.1 days. Currently, 0.7% of the company’s shares are sold short.

Insider Activity at Oxbridge Re

In related news, major shareholder Allan S. Martin sold 11,690 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $3.08, for a total value of $36,005.20. Following the sale, the insider now directly owns 269,631 shares in the company, valued at approximately $830,463.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Allan S. Martin sold 11,690 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $3.08, for a total transaction of $36,005.20. Following the completion of the sale, the insider now directly owns 269,631 shares of the company’s stock, valued at approximately $830,463.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Allan S. Martin sold 11,433 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $3.09, for a total transaction of $35,327.97. Following the transaction, the insider now directly owns 292,420 shares of the company’s stock, valued at $903,577.80. The disclosure for this sale can be found here. Insiders have sold 29,154 shares of company stock worth $89,725 in the last ninety days. Company insiders own 17.67% of the company’s stock.

Hedge Funds Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. raised its holdings in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the insurance provider’s stock after purchasing an additional 5,000 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned 0.25% of Oxbridge Re worth $36,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 5.64% of the stock is currently owned by hedge funds and other institutional investors.

Oxbridge Re Trading Down 1.7 %

Oxbridge Re stock traded down $0.04 during midday trading on Monday, reaching $2.30. The company’s stock had a trading volume of 3,116 shares, compared to its average volume of 23,757. The stock has a market cap of $13.82 million, a PE ratio of -1.23 and a beta of 0.94. The business has a 50-day moving average price of $2.51 and a 200-day moving average price of $1.90. Oxbridge Re has a 52 week low of $0.87 and a 52 week high of $3.72.

Oxbridge Re (NASDAQ:OXBR) last posted its quarterly earnings data on Thursday, August 8th. The insurance provider reported ($0.14) EPS for the quarter. The company had revenue of $0.04 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Oxbridge Re in a report on Tuesday, September 10th. They set a “hold” rating for the company.

About Oxbridge Re

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.