Oxbridge Re Holdings Limited (NASDAQ:OXBR) Shares Shorted: Short Interest Down 50.2% in September

Oxbridge Re Holdings Limited (NASDAQ:OXBR) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 20,782 shares, a decline of 50.2% from the August 31st total of 41,747 shares. Based on an average daily volume of 25,739 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the company’s stock are short sold.

Oxbridge Re Trading Up 14.9%

NASDAQ OXBR traded up $0.14 during trading on Thursday, reaching $1.12. The company’s stock had a trading volume of 46,489 shares, compared to its average volume of 252,493. The stock has a market capitalization of $9.12 million, a PE ratio of 56.08 and a beta of 1.97. Oxbridge Re has a 1-year low of $0.66 and a 1-year high of $2.13. The business has a 50-day moving average price of $1.38 and a 200-day moving average price of $1.14.

Oxbridge Re (NASDAQ:OXBR) last announced its quarterly earnings results on Thursday, August 13th. The insurance provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Oxbridge Re had a return on equity of 2.14% and a net margin of 4.71%.The business had revenue of $0.94 million for the quarter, compared to analyst estimates of $1.10 million. As a group, analysts expect that Oxbridge Re will post -0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

OXBR has been the subject of a number of research reports. Zacks Research lowered shares of Oxbridge Re from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 18th. Maxim Group cut their price objective on Oxbridge Re from $5.00 to $3.00 and set a “buy” rating for the company in a report on Tuesday, June 16th. Finally, Weiss Ratings upgraded Oxbridge Re from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Oxbridge Re presently has an average rating of “Reduce” and a consensus price target of $3.00.

Institutional Trading of Oxbridge Re

An institutional investor recently bought a new position in Oxbridge Re stock. Citadel Advisors LLC acquired a new stake in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 65,855 shares of the insurance provider’s stock, valued at approximately $68,000. Citadel Advisors LLC owned about 0.81% of Oxbridge Re as of its most recent filing with the Securities and Exchange Commission. 5.64% of the stock is currently owned by hedge funds and other institutional investors.

Oxbridge Re Company Profile

Oxbridge Re Holdings Limited (NASDAQ: OXBR) is a Bermuda-based specialty reinsurance holding company. Through its subsidiaries, the company provides collateralized reinsurance and other insurance-linked solutions designed to cover property catastrophe risks.

Oxbridge Re’s reinsurance activities have historically focused primarily on catastrophe-exposed property in the United States, including coastal areas of the Gulf Coast. Its business model uses collateral and capital-market structures to support coverage for events such as hurricanes and other major natural catastrophes.

The company has also pursued insurance-linked securities and technology initiatives, including efforts to use blockchain-based structures to broaden access to reinsurance-related investments.