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

Oxbridge Re Holdings Limited (NASDAQ:OXBR) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 52,742 shares, a growth of 295.9% from the October 15th total of 13,321 shares. Based on an average daily volume of 26,228 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.8% of the shares of the company are sold short.

Oxbridge Re Stock Performance

OXBR opened at $0.91 on Thursday. The firm has a market cap of $7.41 million, a P/E ratio of -90.92 and a beta of 2.05. Oxbridge Re has a 52-week low of $0.65 and a 52-week high of $1.86. The business’s fifty day moving average is $1.12 and its 200-day moving average is $1.10.

Oxbridge Re (NASDAQ:OXBR) last posted its quarterly earnings results on Monday, November 9th. The insurance provider reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). The business had revenue of $0.26 million during the quarter, compared to the consensus estimate of $0.40 million. Oxbridge Re had a negative return on equity of 1.63% and a negative net margin of 4.29%. On average, research analysts predict that Oxbridge Re will post -0.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Oxbridge Re from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. Weiss Ratings raised Oxbridge Re from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Oxbridge Re has a consensus rating of “Hold” and an average target price of $3.00.

Institutional Investors Weigh In On Oxbridge Re

A hedge fund recently bought a new position in Oxbridge Re stock. Citadel Advisors LLC bought a new stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 65,855 shares of the insurance provider’s stock, valued at approximately $68,000. Citadel Advisors LLC owned 0.81% of Oxbridge Re as of its most recent SEC filing. 5.64% of the stock is owned by institutional investors.

About Oxbridge Re

Oxbridge Re Holdings Limited is a specialty reinsurance holding company listed on the Nasdaq Capital Market under the symbol OXBR. The company conducts its reinsurance activities primarily through Oxbridge Reinsurance Limited, a Bermuda-based subsidiary, and focuses on providing collateralized property catastrophe reinsurance. Its coverage is designed to protect insurance companies against losses from major natural-catastrophe events, including hurricanes and other severe weather-related disasters.