Short Interest in Oxbridge Re Holdings Limited (NASDAQ:OXBR) Declines By 31.1%

Oxbridge Re Holdings Limited (NASDAQ:OXBR) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 33,900 shares, a decrease of 31.1% from the August 15th total of 49,200 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 31,200 shares, the short-interest ratio is presently 1.1 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Oxbridge Re in a research note on Tuesday, September 10th. They issued a “hold” rating for the company.

Insiders Place Their Bets

In other Oxbridge Re news, major shareholder Allan S. Martin sold 11,690 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $3.08, for a total value of $36,005.20. Following the completion of the transaction, the insider now owns 269,631 shares of the company’s stock, valued at approximately $830,463.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Oxbridge Re news, major shareholder Allan S. Martin sold 11,690 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $3.08, for a total value of $36,005.20. Following the completion of the transaction, the insider now owns 269,631 shares of the company’s stock, valued at approximately $830,463.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Allan S. Martin sold 11,433 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $3.09, for a total value of $35,327.97. Following the completion of the transaction, the insider now directly owns 292,420 shares of the company’s stock, valued at approximately $903,577.80. The disclosure for this sale can be found here. Insiders sold a total of 29,154 shares of company stock valued at $89,725 in the last 90 days. Corporate insiders own 17.67% of the company’s stock.

Institutional Investors Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. increased its holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the insurance provider’s stock after purchasing an additional 5,000 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.25% of Oxbridge Re worth $36,000 at the end of the most recent quarter. Institutional investors own 5.64% of the company’s stock.

Oxbridge Re Stock Performance

Shares of OXBR stock traded down $0.04 on Monday, hitting $2.30. The company had a trading volume of 3,116 shares, compared to its average volume of 23,757. The stock’s 50-day moving average is $2.51 and its two-hundred day moving average is $1.90. Oxbridge Re has a twelve month low of $0.87 and a twelve month high of $3.72. The firm has a market cap of $13.82 million, a P/E ratio of -1.23 and a beta of 0.94.

Oxbridge Re (NASDAQ:OXBR) last released its earnings results on Thursday, August 8th. The insurance provider reported ($0.14) EPS for the quarter. The company had revenue of $0.04 million during the quarter.

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.