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

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 182,600 shares, an increase of 11.7% from the November 30th total of 163,500 shares. Based on an average daily trading volume, of 85,500 shares, the short-interest ratio is currently 2.1 days. Approximately 0.7% of the company’s stock are sold short.

Hedge Funds Weigh In On Greenlight Capital Re

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Greenlight Capital Re by 288.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 48,646 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 36,116 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Greenlight Capital Re during the third quarter worth approximately $1,188,000. Barclays PLC lifted its stake in Greenlight Capital Re by 275.5% in the third quarter. Barclays PLC now owns 36,077 shares of the financial services provider’s stock valued at $493,000 after buying an additional 26,468 shares during the last quarter. State Street Corp boosted its holdings in shares of Greenlight Capital Re by 1.1% in the third quarter. State Street Corp now owns 575,930 shares of the financial services provider’s stock valued at $7,861,000 after acquiring an additional 6,319 shares during the period. Finally, Centiva Capital LP purchased a new position in shares of Greenlight Capital Re during the third quarter worth approximately $139,000. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Greenlight Capital Re from a “hold” rating to a “buy” rating in a report on Friday, November 8th.

Greenlight Capital Re Stock Up 1.2 %

GLRE traded up $0.17 on Wednesday, reaching $14.00. The company’s stock had a trading volume of 44,904 shares, compared to its average volume of 84,379. The company has a market capitalization of $487.65 million, a price-to-earnings ratio of 5.56 and a beta of 0.88. Greenlight Capital Re has a fifty-two week low of $10.95 and a fifty-two week high of $15.82. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average of $14.38 and a two-hundred day moving average of $13.71.

Greenlight Capital Re (NASDAQ:GLRE) last issued its earnings results on Monday, November 4th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.36. The business had revenue of $188.01 million during the quarter. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. During the same quarter in the previous year, the company posted $0.39 EPS.

About Greenlight Capital Re

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.