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Lemonade, Root, and Metromile remain the focus of short sellers, as most firms see little short interest change. -
Lemonade and Root remain the focal points of short sellers, while Metromile’s stock loan fee rate increases (pending acquisition).
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The classic car insurer goes public but might have to pay a price for growth later.
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Just over a quarter of shareholders voted to redeem shares as Aldel Financial took classic car underwriter public.
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The higher level of repurchases seen in Q3 will likely last longer than expected.
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The classic car underwriter will use the proceeds from its most recent fundraise to spur organic growth, and invest in data, technology, and geographic expansion.
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In November, the Inside P&C Select was -6.8%, underperforming the S&P 500 which delivered -0.8%.
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Short interest fell in InsurTechs, but not enough to ease the pressure on the sector.
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Insurance carriers tend to favor a negative outlook during their earnings calls, even when its unwarranted.
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Root shares leap in Thursday trading after InsurTech posts revenue gain, per-share loss that best Wall Street expectations.
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InsurTech stock price dips fail to shake short interest from the firms.
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InsurTech shares trade mixed in response to Lemonade-Metromile combination.
