Oxbridge Re Holdings Limited (NASDAQ:OXBR) saw a large decrease in short interest in October. As of October 30th, there was short interest totalling 69,000 shares, a decrease of 70.1% from the October 15th total of 230,500 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average daily volume of 3,790,000 shares, the short-interest ratio is currently 0.0 days.
OXBR traded up $0.03 during trading on Tuesday, hitting $1.64. 9,637 shares of the stock traded hands, compared to its average volume of 1,636,367. The firm has a market capitalization of $9.23 million, a P/E ratio of -80.50 and a beta of 0.88. The firm has a 50-day moving average of $1.86 and a 200 day moving average of $1.31. Oxbridge Re has a 12-month low of $0.70 and a 12-month high of $9.62.
In other news, Director Raymond E. Cabillot sold 383,250 shares of the company’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of $3.56, for a total value of $1,364,370.00. Following the completion of the sale, the director now owns 35,000 shares of the company’s stock, valued at approximately $124,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 29.32% of the stock is currently owned by corporate insiders.
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 and solutions through reinsurance brokers.
Further Reading: What is Compound Annual Growth Rate (CAGR)?
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