Oxbridge Re Holdings Limited (NASDAQ:OXBR) Short Interest Update

Oxbridge Re Holdings Limited (NASDAQ:OXBR) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 20,782 shares, a drop of 50.2% from the August 31st total of 41,747 shares. Based on an average daily trading volume, of 25,739 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the company’s shares are short sold.

Oxbridge Re Stock Down 4.2%

Shares of OXBR traded down $0.06 during midday trading on Tuesday, reaching $1.40. 141 shares of the stock were exchanged, compared to its average volume of 254,229. The company has a market cap of $11.42 million, a price-to-earnings ratio of 70.99 and a beta of 1.97. Oxbridge Re has a 12-month low of $0.66 and a 12-month high of $2.13. The firm has a 50 day simple moving average of $1.40 and a 200-day simple moving average of $1.14.

Oxbridge Re (NASDAQ:OXBR) last announced its quarterly earnings results on Thursday, August 13th. The insurance provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Oxbridge Re had a net margin of 4.71% and a return on equity of 2.14%. The firm had revenue of $0.94 million during the quarter, compared to the consensus estimate of $1.10 million. Research analysts expect that Oxbridge Re will post -0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Oxbridge Re stock. International Assets Investment Management LLC increased its holdings in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 61.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,000 shares of the insurance provider’s stock after purchasing an additional 18,227 shares during the period. International Assets Investment Management LLC owned approximately 0.59% of Oxbridge Re worth $54,000 at the end of the most recent reporting period. 5.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on OXBR. Maxim Group reduced their price target on shares of Oxbridge Re from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Tuesday, June 16th. Weiss Ratings raised Oxbridge Re from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. Finally, Zacks Research downgraded Oxbridge Re from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Oxbridge Re has an average rating of “Reduce” and a consensus price target of $3.00.

Oxbridge Re Company Profile

Oxbridge Re Holdings Limited (NASDAQ: OXBR) is a Bermuda-based specialty reinsurance holding company. Through its subsidiaries, the company provides collateralized reinsurance and other insurance-linked solutions designed to cover property catastrophe risks.

Oxbridge Re’s reinsurance activities have historically focused primarily on catastrophe-exposed property in the United States, including coastal areas of the Gulf Coast. Its business model uses collateral and capital-market structures to support coverage for events such as hurricanes and other major natural catastrophes.

The company has also pursued insurance-linked securities and technology initiatives, including efforts to use blockchain-based structures to broaden access to reinsurance-related investments.