Oxbridge Re Holdings Ltd (NASDAQ:OXBR) Short Interest Update

Oxbridge Re Holdings Ltd (NASDAQ:OXBR) saw a significant drop in short interest in June. As of June 15th, there was short interest totalling 13,700 shares, a drop of 18.9% from the May 15th total of 16,900 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 241,700 shares, the short-interest ratio is presently 0.1 days.

Shares of NASDAQ:OXBR opened at $1.07 on Friday. Oxbridge Re has a 52 week low of $0.51 and a 52 week high of $3.00. The firm has a fifty day simple moving average of $1.15.

Oxbridge Re (NASDAQ:OXBR) last posted its quarterly earnings results on Tuesday, May 14th. The insurance provider reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $0.12 million for the quarter. Oxbridge Re had a negative net margin of 146.07% and a negative return on equity of 49.24%.

In related news, major shareholder Allan S. Martin purchased 50,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was bought at an average price of $1.20 per share, with a total value of $60,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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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