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

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

Analyst Upgrades and Downgrades

OXBR has been the topic of a number of research reports. Zacks Research upgraded shares of Oxbridge Re from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. Weiss Ratings upgraded shares of Oxbridge Re from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $3.00.

Oxbridge Re Price Performance

OXBR opened at $0.91 on Thursday. The business has a fifty day simple moving average of $1.12 and a 200 day simple moving average of $1.10. The company has a market capitalization of $7.41 million, a PE ratio of -90.92 and a beta of 2.05. Oxbridge Re has a 1 year low of $0.65 and a 1 year high of $1.86.

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

Hedge Funds Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. International Assets Investment Management LLC increased its holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 61.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,000 shares of the insurance provider’s stock after acquiring an additional 18,227 shares during the quarter. International Assets Investment Management LLC owned about 0.59% of Oxbridge Re worth $54,000 as of its most recent filing with the SEC. Institutional investors own 5.64% of the company’s stock.

Oxbridge Re Company Profile

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.