Short Interest in Presurance Holdings, Inc. (NASDAQ:PRHI) Declines By 56.2%

Presurance Holdings, Inc. (NASDAQ:PRHI) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 9,188 shares, a drop of 56.2% from the May 31st total of 20,994 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 40,883 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

PRHI has been the subject of a number of analyst reports. UBS Group set a $7.00 price objective on shares of Presurance in a research report on Thursday, May 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Presurance in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell” and an average price target of $7.00.

Presurance Trading Up 5.0%

Shares of PRHI stock traded up $0.25 during trading hours on Wednesday, hitting $5.16. 8,529 shares of the company were exchanged, compared to its average volume of 13,767. The firm has a fifty day moving average of $4.86 and a 200 day moving average of $4.99. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.49. Presurance has a 1 year low of $3.36 and a 1 year high of $19.81. The firm has a market cap of $19.34 million, a PE ratio of -0.53 and a beta of 1.10.

About Presurance

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, including companies that provide security guard services, security alarm products and services, and private investigative services.