Short Interest in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Declines By 15.0%

Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Get Free Report) saw a significant decrease in short interest in 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 volume of 79,800 shares, the short-interest ratio is currently 1.8 days. Approximately 0.5% of the company's shares are short sold.

Greenlight Capital Re Trading Down 1.5 %

Shares of GLRE traded down $0.20 during mid-day trading on Friday, hitting $13.22. 202,745 shares of the company's stock traded hands, compared to its average volume of 82,993. The business's 50-day moving average price is $13.60 and its 200-day moving average price is $13.92. Greenlight Capital Re has a 1 year low of $11.72 and a 1 year high of $15.82. The firm has a market capitalization of $456.94 million, a P/E ratio of 5.25 and a beta of 0.86. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.09.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The financial services provider reported ($0.81) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $143.76 million for the quarter.

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Hedge Funds Weigh In On Greenlight Capital Re

Institutional investors have recently bought and sold shares of the stock. R Squared Ltd bought a new stake in Greenlight Capital Re during the 4th quarter valued at approximately $29,000. Aquatic Capital Management LLC boosted its position in shares of Greenlight Capital Re by 374.4% during the fourth quarter. Aquatic Capital Management LLC now owns 3,795 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 2,995 shares in the last quarter. Bfsg LLC boosted its position in shares of Greenlight Capital Re by 13.3% during the fourth quarter. Bfsg LLC now owns 7,405 shares of the financial services provider's stock valued at $104,000 after purchasing an additional 870 shares in the last quarter. Centiva Capital LP purchased a new stake in Greenlight Capital Re in the third quarter worth $139,000. Finally, Janney Montgomery Scott LLC bought a new position in Greenlight Capital Re in the fourth quarter worth $144,000. 41.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Greenlight Capital Re from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th.

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.