Short Interest in Presurance Holdings, Inc. (NASDAQ:PRHI) Drops By 56.2%

Presurance Holdings, Inc. (NASDAQ:PRHI) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 9,188 shares, a decrease of 56.2% from the May 31st total of 20,994 shares. Based on an average daily volume of 40,883 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.9% of the shares of the company are sold short.

Presurance Stock Performance

NASDAQ:PRHI opened at $4.67 on Monday. The company has a market cap of $17.52 million, a price-to-earnings ratio of -0.49 and a beta of 1.10. Presurance has a fifty-two week low of $3.36 and a fifty-two week high of $19.81. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a fifty day moving average price of $4.84 and a 200-day moving average price of $5.01.

Presurance (NASDAQ:PRHI) last issued its quarterly earnings results on Friday, March 27th. The company reported ($8.68) EPS for the quarter. The company had revenue of $4.62 million during the quarter. Presurance had a negative return on equity of 104.13% and a negative net margin of 41.92%.

Analyst Ratings Changes

Several analysts recently issued reports on PRHI shares. Weiss Ratings restated a “sell (d-)” rating on shares of Presurance in a research note on Wednesday, April 29th. UBS Group set a $7.00 price objective on Presurance in a research report on Thursday, May 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell” and a consensus target price of $7.00.

Insider Buying and Selling at Presurance

In other news, CEO Brian J. Roney bought 14,285 shares of the stock in a transaction dated Wednesday, April 1st. The shares were bought at an average price of $5.04 per share, for a total transaction of $71,996.40. Following the completion of the purchase, the chief executive officer owned 72,890 shares in the company, valued at approximately $367,365.60. This trade represents a 24.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 17,823 shares of company stock worth $90,389 in the last 90 days. 73.30% of the stock is currently owned by company insiders.

About Presurance

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, including companies that provide security guard services, security alarm products and services, and private investigative services.