Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Short Interest Update

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 141,200 shares, a decrease of 15.0% from the February 13th total of 166,200 shares. Based on an average daily trading volume, of 79,800 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.5% of the company’s stock are short sold.

Greenlight Capital Re Trading Up 1.4 %

Shares of Greenlight Capital Re stock opened at $13.50 on Thursday. Greenlight Capital Re has a 1 year low of $11.72 and a 1 year high of $15.82. The firm has a market cap of $470.23 million, a PE ratio of 5.36 and a beta of 0.86. The stock has a fifty day moving average price of $13.62 and a 200-day moving average price of $13.93. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02.

Greenlight Capital Re (NASDAQ:GLRE) last announced its earnings results on Monday, March 10th. The financial services provider reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($1.40). Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. The business had revenue of $143.76 million for the quarter.

Institutional Investors Weigh In On Greenlight Capital Re

Large investors have recently made changes to their positions in the business. Metis Global Partners LLC bought a new position in shares of Greenlight Capital Re during the 3rd quarter worth $272,000. Empowered Funds LLC grew its stake in shares of Greenlight Capital Re by 232.8% during the 3rd quarter. Empowered Funds LLC now owns 66,852 shares of the financial services provider’s stock worth $913,000 after acquiring an additional 46,764 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Greenlight Capital Re by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 77,154 shares of the financial services provider’s stock worth $1,053,000 after acquiring an additional 2,318 shares during the period. Independent Advisor Alliance grew its stake in shares of Greenlight Capital Re by 5.5% during the 3rd quarter. Independent Advisor Alliance now owns 61,127 shares of the financial services provider’s stock worth $834,000 after acquiring an additional 3,200 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of Greenlight Capital Re by 13.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 55,685 shares of the financial services provider’s stock worth $760,000 after acquiring an additional 6,543 shares during the period. 41.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th.

Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.