Kingstone Companies, Inc. (NASDAQ:KINS) Short Interest Down 37.0% in March

Kingstone Companies, Inc. (NASDAQ:KINS - Get Free Report) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 193,300 shares, a drop of 37.0% from the February 28th total of 307,000 shares. Currently, 1.8% of the company's stock are sold short. Based on an average trading volume of 301,700 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Kingstone Companies from a "buy" rating to a "hold" rating in a report on Thursday, March 20th.

Institutional Investors Weigh In On Kingstone Companies

Several large investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in shares of Kingstone Companies by 8.1% in the fourth quarter. JPMorgan Chase & Co. now owns 11,042 shares of the insurance provider's stock valued at $168,000 after buying an additional 823 shares during the period. Jump Financial LLC lifted its position in shares of Kingstone Companies by 6.6% in the fourth quarter. Jump Financial LLC now owns 23,996 shares of the insurance provider's stock worth $364,000 after purchasing an additional 1,495 shares in the last quarter. Cruiser Capital Advisors LLC grew its position in Kingstone Companies by 3.6% in the fourth quarter. Cruiser Capital Advisors LLC now owns 44,520 shares of the insurance provider's stock valued at $676,000 after purchasing an additional 1,560 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Kingstone Companies during the 4th quarter worth about $26,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Kingstone Companies by 370.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,847 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 2,242 shares in the last quarter. 14.91% of the stock is currently owned by institutional investors.

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Kingstone Companies Stock Up 7.5 %

Kingstone Companies stock traded up $1.25 during mid-day trading on Wednesday, hitting $17.82. 436,300 shares of the company's stock were exchanged, compared to its average volume of 190,328. Kingstone Companies has a 1-year low of $3.93 and a 1-year high of $19.18. The stock has a 50 day moving average of $16.32 and a two-hundred day moving average of $13.99. The stock has a market cap of $244.69 million, a P/E ratio of 13.71 and a beta of 0.71. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29.

About Kingstone Companies

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.