Lancashire Holdings Limited (OTCMKTS:LCSHF) Sees Large Decline in Short Interest

Lancashire Holdings Limited (OTCMKTS:LCSHF) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 4,258 shares, a drop of 75.3% from the November 30th total of 17,228 shares. Based on an average daily volume of 91 shares, the days-to-cover ratio is currently 46.8 days. Based on an average daily volume of 91 shares, the days-to-cover ratio is currently 46.8 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada cut shares of Lancashire from an “outperform” rating to an “underperform” rating in a research report on Monday, October 13th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

Lancashire Stock Performance

Lancashire stock traded up $0.17 during midday trading on Friday, reaching $8.59. 500 shares of the stock traded hands, compared to its average volume of 2,639. The company has a 50-day simple moving average of $8.27 and a two-hundred day simple moving average of $8.24. Lancashire has a 12-month low of $7.09 and a 12-month high of $9.35.

About Lancashire

Lancashire Holdings Limited, trading on the OTC Markets under the symbol LCSHF, is a Bermuda‐based specialty insurer and reinsurer offering tailored risk solutions across property, energy, marine and aviation lines. Operating through both insurance and reinsurance platforms, Lancashire provides coverage for complex and large-scale risks, including natural catastrophe exposures, oil and gas liabilities, cargo and hull exposures, as well as structured risk products. The company’s underwriting model emphasizes discipline, diversification and detailed risk assessment to deliver customized programs for brokers, corporate clients and other insurers.

Since its establishment in 2005, Lancashire has built a global footprint with its main underwriting operations based in Hamilton, Bermuda, and key offices in London and Singapore.