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