Oxbridge Re Holdings Limited (NASDAQ:OXBR) Sees Significant Decrease in Short Interest

Oxbridge Re Holdings Limited (NASDAQ:OXBR) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 15,100 shares, a decrease of 32.9% from the February 13th total of 22,500 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 35,100 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OXBR. Geode Capital Management LLC increased its position in shares of Oxbridge Re by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 129,294 shares of the insurance provider’s stock worth $359,000 after purchasing an additional 4,141 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. increased its position in shares of Oxbridge Re by 26.7% during the 4th quarter. Henrickson Nauta Wealth Advisors Inc. now owns 59,300 shares of the insurance provider’s stock worth $244,000 after purchasing an additional 12,500 shares during the last quarter. LPL Financial LLC acquired a new position in shares of Oxbridge Re during the 4th quarter worth approximately $415,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Oxbridge Re during the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 5.64% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Oxbridge Re in a research note on Thursday. They issued a “hold” rating for the company.

Oxbridge Re Stock Performance

NASDAQ OXBR traded down $0.11 on Monday, reaching $2.71. The company had a trading volume of 32,718 shares, compared to its average volume of 29,174. The firm has a market capitalization of $18.26 million, a price-to-earnings ratio of -3.23 and a beta of 1.30. Oxbridge Re has a 1-year low of $0.94 and a 1-year high of $5.81. The company’s fifty day moving average is $4.18 and its 200-day moving average is $3.40.

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.