Oxbridge Re Holdings Ltd (NASDAQ:OXBR) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 47,700 shares, an increase of 736.8% from the September 30th total of 5,700 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 25,000 shares, the days-to-cover ratio is currently 1.9 days.

Shares of Oxbridge Re stock traded up $0.08 during trading on Wednesday, hitting $0.91. The company’s stock had a trading volume of 300 shares, compared to its average volume of 133,959. Oxbridge Re has a 52 week low of $0.51 and a 52 week high of $2.93. The stock has a 50-day moving average price of $0.93 and a two-hundred day moving average price of $1.03.

Separately, ValuEngine cut shares of Oxbridge Re from a “buy” rating to a “hold” rating in a research note on Monday, October 21st.

In other Oxbridge Re news, CEO Sanjay Madhu acquired 30,000 shares of Oxbridge Re stock in a transaction that occurred on Monday, September 30th. The shares were bought at an average price of $0.89 per share, with a total value of $26,700.00. Following the completion of the purchase, the chief executive officer now directly owns 40,000 shares in the company, valued at approximately $35,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 29.32% of the company’s stock.

Oxbridge Re Company Profile

Oxbridge Re Holdings Limited, through its subsidiaries, provides specialty property and casualty reinsurance solutions. It focuses on underwriting fully-collateralized reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. The company distributes its products through reinsurance brokers.

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