Short Interest in Presurance Holdings, Inc. (NASDAQ:PRHI) Increases By 83.6%

Presurance Holdings, Inc. (NASDAQ:PRHI) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 16,870 shares, an increase of 83.6% from the June 15th total of 9,188 shares. Based on an average daily volume of 17,505 shares, the short-interest ratio is presently 1.0 days. Currently, 1.7% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PRHI. Weiss Ratings reiterated a “sell (d-)” rating on shares of Presurance in a research report on Wednesday, April 29th. UBS Group set a $7.00 price target on shares of Presurance in a report on Thursday, May 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell” and a consensus price target of $7.00.

Presurance Stock Performance

Presurance stock opened at $5.05 on Friday. The company has a 50 day moving average price of $4.98 and a 200-day moving average price of $4.89. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. Presurance has a fifty-two week low of $3.36 and a fifty-two week high of $19.81. The company has a market capitalization of $18.94 million, a PE ratio of -0.52 and a beta of 1.06.

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.