1347 Property Insurance Holdings Inc (NASDAQ:PIH) Sees Large Decline in Short Interest

1347 Property Insurance Holdings Inc (NASDAQ:PIH) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 1,100 shares, a decrease of 47.6% from the August 15th total of 2,100 shares. Based on an average daily trading volume, of 4,400 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

PIH stock opened at $4.50 on Tuesday. The firm has a 50-day simple moving average of $4.36 and a 200-day simple moving average of $4.62. 1347 Property Insurance has a 52 week low of $3.80 and a 52 week high of $5.92.

1347 Property Insurance (NASDAQ:PIH) last posted its quarterly earnings data on Friday, August 14th. The insurance provider reported ($0.48) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.53). 1347 Property Insurance had a negative return on equity of 20.02% and a net margin of 1.38%. The firm had revenue of ($0.55) million during the quarter.

Separately, TheStreet cut shares of 1347 Property Insurance from a “c-” rating to a “d” rating in a research note on Monday, June 29th.

About 1347 Property Insurance

1347 Property Insurance Holdings, Inc, an insurance holding company, provides property and casualty insurance products to individuals in Louisiana, Florida, and Texas. The company offers homeowners' insurance, manufactured home insurance, dwelling fire insurance, and wind/hail insurance products, as well as reinsurance products.

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