Presurance Holdings, Inc. (NASDAQ:PRHI) Short Interest Down 69.1% in August

Presurance Holdings, Inc. (NASDAQ:PRHI) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 7,012 shares, a decrease of 69.1% from the August 15th total of 22,700 shares. Based on an average daily trading volume, of 5,349 shares, the short-interest ratio is presently 1.3 days. Approximately 0.7% of the shares of the company are short sold.

Presurance Stock Performance

NASDAQ:PRHI traded up $0.25 during mid-day trading on Friday, hitting $8.64. The stock had a trading volume of 13,657 shares, compared to its average volume of 24,974. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.44. The company has a 50 day simple moving average of $6.00 and a 200-day simple moving average of $5.26. The stock has a market capitalization of $32.40 million, a price-to-earnings ratio of -0.84 and a beta of 0.98. Presurance has a 52 week low of $3.36 and a 52 week high of $19.81.

Presurance (NASDAQ:PRHI) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.35 EPS for the quarter. The company had revenue of $9.14 million for the quarter. Presurance had a negative net margin of 49.56% and a negative return on equity of 89.12%.

Wall Street Analyst Weigh In

PRHI has been the topic of a number of recent research reports. Weiss Ratings cut shares of Presurance from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 28th. UBS Group set a $7.00 price target on Presurance in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell” and a consensus target price of $7.00.

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.