Presurance Holdings, Inc. (NASDAQ:PRHI) Short Interest Update

Presurance Holdings, Inc. (NASDAQ:PRHI) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 20,994 shares, a growth of 92.5% from the May 14th total of 10,905 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily volume of 31,313 shares, the short-interest ratio is currently 0.7 days.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. UBS Group set a $7.00 price objective on shares of Presurance in a research note on Thursday, May 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Presurance in a research note on Wednesday, April 29th. 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 a consensus target price of $7.00.

Presurance Price Performance

NASDAQ PRHI traded down $0.01 during trading hours on Friday, hitting $4.98. 9,556 shares of the company’s stock traded hands, compared to its average volume of 23,237. Presurance has a 52-week low of $3.36 and a 52-week high of $19.81. The company has a market capitalization of $18.65 million, a PE ratio of -0.51 and a beta of 1.10. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.73 and a quick ratio of 0.73. The firm’s 50-day moving average is $4.94 and its 200-day moving average is $5.13.

Presurance (NASDAQ:PRHI) last announced its quarterly earnings data on Friday, March 27th. The company reported ($8.68) earnings per share (EPS) for the quarter. Presurance had a negative net margin of 41.92% and a negative return on equity of 104.13%. The business had revenue of $4.62 million for the quarter.

Insider Activity at Presurance

In related news, CEO Brian J. Roney bought 14,285 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was acquired at an average price of $5.04 per share, with a total value of $71,996.40. Following the completion of the purchase, the chief executive officer directly owned 72,890 shares of the company’s stock, valued at approximately $367,365.60. This trade represents a 24.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have bought a total of 17,823 shares of company stock worth $90,389 over the last three months. 73.30% of the stock is owned by insiders.

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.