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

Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Get Free Report) was the target of a significant increase in short interest in the month of 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. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 85,500 shares, the short-interest ratio is currently 2.1 days.

Institutional Trading of Greenlight Capital Re

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GLRE. Bank of New York Mellon Corp lifted its position in shares of Greenlight Capital Re by 15.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 103,273 shares of the financial services provider's stock worth $1,353,000 after buying an additional 13,897 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Greenlight Capital Re by 85.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 20,877 shares of the financial services provider's stock valued at $273,000 after acquiring an additional 9,633 shares during the period. Rhumbline Advisers boosted its stake in shares of Greenlight Capital Re by 6.8% in the 2nd quarter. Rhumbline Advisers now owns 45,874 shares of the financial services provider's stock valued at $601,000 after purchasing an additional 2,923 shares in the last quarter. Private Management Group Inc. boosted its stake in shares of Greenlight Capital Re by 37.3% in the 2nd quarter. Private Management Group Inc. now owns 621,021 shares of the financial services provider's stock valued at $8,135,000 after purchasing an additional 168,708 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Greenlight Capital Re by 36.3% in the 2nd quarter. American Century Companies Inc. now owns 346,777 shares of the financial services provider's stock worth $4,543,000 after purchasing an additional 92,364 shares during the last quarter. Institutional investors own 41.52% of the company's stock.

Greenlight Capital Re Stock Performance

Shares of NASDAQ:GLRE traded up $0.17 during trading on Wednesday, hitting $14.00. 44,904 shares of the stock were exchanged, 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. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02. Greenlight Capital Re has a 1-year low of $10.95 and a 1-year high of $15.82. The company's fifty day simple moving average is $14.38 and its 200-day simple moving average is $13.71.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.36. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. The firm had revenue of $188.01 million for the quarter. During the same quarter in the prior year, the firm earned $0.39 EPS.

Analyst Ratings Changes

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

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.