Oxbridge Re Holdings Limited (NASDAQ:OXBR) Short Interest Down 22.7% in October

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

Oxbridge Re Trading Up 1.1 %

OXBR stock traded up $0.03 during trading on Friday, reaching $2.74. The stock had a trading volume of 6,216 shares, compared to its average volume of 14,226. The firm has a market cap of $16.55 million, a PE ratio of -3.26 and a beta of 0.96. Oxbridge Re has a 52 week low of $0.87 and a 52 week high of $3.72. The stock’s 50 day moving average is $2.63 and its two-hundred day moving average is $2.41.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Oxbridge Re in a research note on Wednesday. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. lifted its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,000 shares of the insurance provider’s stock after buying an additional 5,000 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.25% of Oxbridge Re worth $36,000 at the end of the most recent reporting period. 5.64% of the stock is owned by institutional investors and hedge funds.

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.