Oxbridge Re Holdings Ltd (NASDAQ:OXBR) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 6,800 shares, a decrease of 46.9% from the July 31st total of 12,800 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 238,600 shares, the short-interest ratio is presently 0.0 days.
Separately, ValuEngine cut shares of Oxbridge Re from a “buy” rating to a “hold” rating in a research report on Tuesday.
Shares of OXBR traded up $0.04 during mid-day trading on Friday, hitting $0.84. The company’s stock had a trading volume of 12,628 shares, compared to its average volume of 159,049. The company’s 50-day moving average is $0.95 and its 200-day moving average is $1.09. Oxbridge Re has a 52-week low of $0.51 and a 52-week high of $2.93.
Oxbridge Re Company Profile
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.
See Also: Net Margin
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