Oxbridge Re Holdings Limited (NASDAQ:OXBRW – Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 32,877 shares, a decrease of 54.0% from the August 31st total of 71,547 shares. Based on an average daily volume of 4,307 shares, the short-interest ratio is presently 7.6 days.
Oxbridge Re Trading Up 23.1%
NASDAQ OXBRW traded up $0.03 during trading on Wednesday, reaching $0.14. The company’s stock had a trading volume of 261 shares, compared to its average volume of 9,169. The business’s fifty day moving average price is $0.12 and its 200-day moving average price is $0.11. Oxbridge Re has a twelve month low of $0.06 and a twelve month high of $0.40.
About Oxbridge Re
Oxbridge Re Holdings Limited is a Bermuda-based specialty reinsurance holding company focused primarily on property catastrophe risks. Through its reinsurance subsidiaries, the company provides fully collateralized reinsurance coverage to insurance and other risk-bearing counterparties, generally for losses arising from events such as hurricanes and other natural catastrophes.
Oxbridge Re’s business model uses collateral, including capital supplied through investment vehicles and insurance-linked securities structures, to support reinsurance obligations.
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