1347 Property Insurance Holdings Inc (NASDAQ:PIH) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,800 shares, a decline of 30.8% from the July 31st total of 2,600 shares. Based on an average trading volume of 6,900 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short.
A number of equities research analysts have recently issued reports on the stock. TheStreet cut shares of 1347 Property Insurance from a “c-” rating to a “d+” rating in a research report on Friday, July 12th. ValuEngine raised shares of 1347 Property Insurance from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd.
Shares of 1347 Property Insurance stock traded up $0.07 during trading on Friday, reaching $4.85. The company’s stock had a trading volume of 3,000 shares, compared to its average volume of 8,438. The business’s 50-day moving average price is $4.97 and its 200-day moving average price is $5.28. 1347 Property Insurance has a 52 week low of $3.75 and a 52 week high of $7.20.
Institutional investors have recently made changes to their positions in the company. Deutsche Bank AG boosted its position in shares of 1347 Property Insurance by 18.6% in the fourth quarter. Deutsche Bank AG now owns 22,538 shares of the insurance provider’s stock valued at $90,000 after acquiring an additional 3,542 shares during the period. Morgan Stanley lifted its position in 1347 Property Insurance by 26.4% during the second quarter. Morgan Stanley now owns 10,135 shares of the insurance provider’s stock worth $51,000 after purchasing an additional 2,114 shares during the period. Vanguard Group Inc. lifted its position in 1347 Property Insurance by 5.8% during the second quarter. Vanguard Group Inc. now owns 47,637 shares of the insurance provider’s stock worth $236,000 after purchasing an additional 2,600 shares during the period. Finally, Renaissance Technologies LLC lifted its position in 1347 Property Insurance by 12.3% during the second quarter. Renaissance Technologies LLC now owns 111,062 shares of the insurance provider’s stock worth $550,000 after purchasing an additional 12,144 shares during the period. 38.17% of the stock is owned by institutional investors.
About 1347 Property Insurance
1347 Property Insurance Holdings, Inc, an insurance holding company, provides property and casualty insurance products to individuals in Louisiana, Florida, and Texas. The company offers homeowners' insurance, manufactured home insurance, dwelling fire insurance, and wind/hail insurance products, as well as reinsurance products.
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