Short Interest in Oxbridge Re Holdings Ltd (NASDAQ:OXBR) Declines By 18.9%

Oxbridge Re Holdings Ltd (NASDAQ:OXBR) was the target of 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. Based on an average daily volume of 241,700 shares, the short-interest ratio is presently 0.1 days. Currently, 0.4% of the shares of the stock are sold short.

Shares of Oxbridge Re stock traded up $0.06 during midday trading on Friday, reaching $1.07. The company had a trading volume of 9,573 shares, compared to its average volume of 739,035. The company’s fifty day moving average is $1.15. Oxbridge Re has a 1-year low of $0.51 and a 1-year high of $3.00.

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

In related news, major shareholder Allan S. Martin purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was acquired 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 available through this link. Company insiders own 29.32% of the company’s stock.

Oxbridge Re Company Profile

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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