Presurance Holdings, Inc. (NASDAQ:PRHI) Stock Short Interest Falls 47.3%

Presurance Holdings, Inc. (NASDAQ:PRHI) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 3,397 shares, a decrease of 47.3% from the September 15th total of 6,451 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 20,664 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Presurance from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Presurance presently has a consensus rating of “Sell” and an average target price of $7.00.

Insider Transactions at Presurance

In other news, Director James Grant Smith acquired 7,250 shares of Presurance stock in a transaction on Wednesday, September 30th. The stock was bought at an average price of $6.75 per share, for a total transaction of $48,937.50. Following the transaction, the director owned 15,953 shares of the company’s stock, valued at $107,682.75. The trade was a 83.30% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian Roney acquired 7,500 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The shares were purchased at an average cost of $6.75 per share, for a total transaction of $50,625.00. Following the acquisition, the chief executive officer directly owned 80,390 shares in the company, valued at $542,632.50. This represents a 10.29% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have acquired 37,100 shares of company stock worth $248,908. 73.30% of the stock is currently owned by company insiders.

Presurance Price Performance

Shares of Presurance stock traded down $0.18 during midday trading on Wednesday, hitting $7.82. 6,732 shares of the company were exchanged, compared to its average volume of 15,092. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a 50 day simple moving average of $7.03 and a 200-day simple moving average of $5.69. Presurance has a 52 week low of $3.36 and a 52 week high of $11.34. The firm has a market cap of $29.31 million, a P/E ratio of -0.76 and a beta of 0.87.

Presurance (NASDAQ:PRHI) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.35 earnings per share (EPS) for the quarter. Presurance had a negative return on equity of 89.12% and a negative net margin of 49.56%. The company had revenue of $9.14 million during the quarter.

About Presurance

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, including companies that provide security guard services, security alarm products and services, and private investigative services.