Oxbridge Re Holdings Ltd (NASDAQ:OXBR) was the recipient of a significant decrease in short interest during 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. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 238,600 shares, the days-to-cover ratio is presently 0.0 days.
Shares of OXBR traded up $0.04 during midday trading on Friday, hitting $0.84. 12,628 shares of the stock were exchanged, compared to its average volume of 159,049. The stock has a fifty day simple moving average of $0.95 and a 200 day simple moving average of $1.09. Oxbridge Re has a 52-week low of $0.51 and a 52-week high of $2.93.
Separately, ValuEngine cut Oxbridge Re from a “buy” rating to a “hold” rating in a report on Tuesday.
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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