1347 Property Insurance Holdings Inc (NASDAQ:PIH) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 5,700 shares, a decrease of 50.0% from the May 30th total of 11,400 shares. Based on an average trading volume of 10,100 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

Shares of 1347 Property Insurance stock traded down $0.01 on Friday, hitting $4.90. The company had a trading volume of 100 shares, compared to its average volume of 9,670. 1347 Property Insurance has a 1 year low of $3.75 and a 1 year high of $7.50. The stock’s 50 day simple moving average is $5.52.

1347 Property Insurance (NASDAQ:PIH) last issued its quarterly earnings data on Tuesday, May 14th. The insurance provider reported ($0.04) EPS for the quarter. The company had revenue of $17.39 million during the quarter. 1347 Property Insurance had a negative return on equity of 0.11% and a negative net margin of 1.69%.

An institutional investor recently raised its position in 1347 Property Insurance stock. Deutsche Bank AG lifted its holdings in shares of 1347 Property Insurance Holdings Inc (NASDAQ:PIH) by 18.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,538 shares of the insurance provider’s stock after acquiring an additional 3,542 shares during the quarter. Deutsche Bank AG owned 0.38% of 1347 Property Insurance worth $90,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 38.98% of the company’s stock.

1347 Property Insurance Company Profile

1347 Property Insurance Holdings, Inc, an insurance holding company, provides property and casualty insurance products to individuals in Louisiana, Florida, and Texas. The company offers homeowners' insurance, manufactured home insurance, dwelling fire insurance, and wind/hail insurance products, as well as reinsurance products.

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