Oxbridge Re Holdings Ltd (NASDAQ:OXBR) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 48,300 shares, an increase of 252.6% from the May 30th total of 13,700 shares. Based on an average daily volume of 239,500 shares, the short-interest ratio is presently 0.2 days. Currently, 1.3% of the company’s shares are sold short.
Shares of NASDAQ:OXBR opened at $1.07 on Friday. The company has a 50 day moving average price of $1.15. Oxbridge Re has a fifty-two week low of $0.51 and a fifty-two week high of $3.00.
Oxbridge Re (NASDAQ:OXBR) last announced its quarterly earnings results on Tuesday, May 14th. The insurance provider reported ($0.01) earnings per share for the quarter. The firm had revenue of $0.12 million during the quarter. Oxbridge Re had a negative net margin of 146.07% and a negative return on equity of 49.24%.
In other Oxbridge Re news, major shareholder Allan S. Martin bought 50,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were bought at an average cost of $1.20 per share, for a total transaction of $60,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 29.32% of the company’s stock.
About Oxbridge Re
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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