Oxbridge Re Holdings Limited (NASDAQ:OXBR) Short Interest Update

Oxbridge Re Holdings Limited (NASDAQ:OXBR) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 29,000 shares, a decline of 22.7% from the October 15th total of 37,500 shares. Based on an average daily trading volume, of 16,500 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.6% of the shares of the company are short sold.

Hedge Funds Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Geode Capital Management LLC increased its holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,294 shares of the insurance provider’s stock after purchasing an additional 4,141 shares during the period. Geode Capital Management LLC owned approximately 2.14% of Oxbridge Re worth $359,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 5.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Oxbridge Re in a research report on Wednesday. They issued a “hold” rating on the stock.

Oxbridge Re Stock Up 1.1 %

Shares of NASDAQ:OXBR traded up $0.03 during trading on Friday, hitting $2.74. The stock had a trading volume of 6,216 shares, compared to its average volume of 14,226. Oxbridge Re has a 12-month low of $0.87 and a 12-month high of $3.72. The stock has a market capitalization of $16.55 million, a price-to-earnings ratio of -3.26 and a beta of 0.96. The stock has a 50-day simple moving average of $2.63 and a two-hundred day simple moving average of $2.41.

Oxbridge Re Company Profile

Oxbridge Re Holdings Limited, through its subsidiaries, provides specialty property and casualty reinsurance solutions. The company underwrites collateralized reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. It also issues reinsurance contracts through digital securities by blockchain technology.