Short Interest in 1347 Property Insurance Holdings Inc (NASDAQ:PIH) Drops By 50.0%

1347 Property Insurance Holdings Inc (NASDAQ:PIH) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 5,700 shares, a decline of 50.0% from the May 30th total of 11,400 shares. Based on an average daily trading volume, of 10,100 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company’s shares are sold short.

An institutional investor recently raised its position in 1347 Property Insurance stock. Deutsche Bank AG grew its holdings in 1347 Property Insurance Holdings Inc (NASDAQ:PIH) by 18.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,538 shares of the insurance provider’s stock after purchasing an additional 3,542 shares during the period. Deutsche Bank AG owned about 0.38% of 1347 Property Insurance worth $90,000 as of its most recent SEC filing. Institutional investors own 38.98% of the company’s stock.

NASDAQ PIH traded down $0.06 on Friday, hitting $4.85. 4,271 shares of the company were exchanged, compared to its average volume of 9,976. The company’s 50 day moving average price is $5.50. 1347 Property Insurance has a twelve month low of $3.75 and a twelve month high of $7.50.

1347 Property Insurance (NASDAQ:PIH) last posted its quarterly earnings data on Tuesday, May 14th. The insurance provider reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $17.39 million for the quarter. 1347 Property Insurance had a negative return on equity of 0.11% and a negative net margin of 1.69%.

1347 Property Insurance Company Profile

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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