Presurance Holdings, Inc. (NASDAQ:PRHI) Short Interest Update

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

Analysts Set New Price Targets

Several research analysts have recently weighed in 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 note on Thursday, May 28th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus 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 that occurred on Wednesday, April 1st. The shares were acquired at an average cost of $5.04 per share, for a total transaction of $71,996.40. Following the completion of the acquisition, the chief executive officer owned 72,890 shares in the company, valued at approximately $367,365.60. This represents a 24.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have acquired 17,823 shares of company stock valued at $90,389 over the last three months. 73.30% of the stock is currently owned by company insiders.

Presurance Trading Down 6.6%

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

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

Presurance Company Profile

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.