Short Interest in Oxbridge Re Holdings Limited (NASDAQ:OXBR) Expands By 180.0%

Oxbridge Re Holdings Limited (NASDAQ:OXBR) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 5,600 shares, an increase of 180.0% from the March 31st total of 2,000 shares. Based on an average daily trading volume, of 11,800 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Oxbridge Re Price Performance

Shares of Oxbridge Re stock traded up $0.01 on Friday, hitting $1.07. 817 shares of the company’s stock traded hands, compared to its average volume of 11,955. Oxbridge Re has a one year low of $0.87 and a one year high of $2.03. The stock has a market capitalization of $6.28 million, a PE ratio of -0.63 and a beta of 0.86. The firm’s 50-day moving average price is $1.03 and its two-hundred day moving average price is $1.11.

Oxbridge Re (NASDAQ:OXBR) last issued its earnings results on Tuesday, March 26th. The insurance provider reported ($0.46) earnings per share (EPS) for the quarter. The business had revenue of ($1.91) million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Oxbridge Re in a research report on Friday, April 19th. They set a “hold” rating on the stock.

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.