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GLRE - Greenlight Capital Re Ltd
$9.56
0.22(2.36%)9:00:00 PM 1/30/2023
Greenlight Capital is a hedge fund founded in 1996 by David Einhorn. Greenlight invests primarily in publicly traded North American corporate debt offerings and equities. Greenlight is most notable for its short selling of Lehman stock prior to Lehman Brothers' collapse in 2008 and the $11 million fine they received in January 2012 for insider trading in the UK. Einhorn remains the fund's manager. Founded in 1996 by Einhorn, with $900,000 , Greenlight had generated greater than a twenty-five percent annualized net return for its investors, but recent lackluster results have brought this to under fifteen percent It prospered in its early days by identifying weak financial firms for short selling, making significant gains from Conseco, CompuCredit, Sirrom Capital, and Resource America. It also manages a fund of funds and a private equity fund through its affiliates, Greenlight Masters and Greenlight Private Equity Partners. It also operates Greenlight Capital Re, a property/casualty reinsurer. Unlike other funds, Greenlight does not use borrowed money, or leverage. The firm does not generate large trading volumes. In June 2008 there were 25 employees, including nine analysts and one trader. It occupies a single high floor of an office building near Grand Central, in New York City.
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

Finra

Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.

Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.

Summary:

  • RSI is at a high level of 70. A high level of RSI indicates the stock is overbought.
Stock Statistics
MarketCap273.7M
PE Ratio22.7
PEG Ratio
P/B0.7
P/S (ttm)0.6
Earning Growth (QoQ)
Revenue Growth (QoQ)
Short %4%
Held by Institutions %67%
1 Day Vol Adjusted Return1.2
1 Month Vol Adjusted Return9.4
3 Month Vol Adjusted Return10.4
6 Month Vol Adjusted Return17.3
20 Days SMA Price ZScore1.3
50 Days SMA Price ZScore1.9
12 -26 Days PPO4.0
1 Month Average Short Volume Ratio38.6
1 Day Volume Change ZScore1.2
1 Month Daily Vol2.0
Related Topics
Peers

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Stock news

    01/28/2023GLRE
    2 Natural-Gas Stocks to Play the Coming Rebound

    Supply and demand will probably come into balance over the next 18 months, says Matt Portillo, an analyst at Tudor Pickering Holt. And, how value investor David Einhorn got his mojo back.

    01/26/2023GLRE
    David Einhorn Had His Best Year in a Decade. How to Play His Revival.

    Investors can get exposure to the value investor through his reinsurer, Greenlight Capital Re. The company has 60% of its shareholder equity invested with him.

    01/18/2023GLRE
    Higher Interest Rates Dragged Green Brick Partners (GRBK) in 2022

    Greenlight Capital, an investment management company, released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. For 2022, the fund returned 36.6% net of fees and expenses compared to an 18.1% loss for the S&P 500 Index. 2022 was an exceptionally good year for the strategy as the market environment was […]

    01/18/2023GLRE
    Should You Hold Danimer Scientific (DNMR)?

    Greenlight Capital, an investment management company, released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. For 2022, the fund returned 36.6% net of fees and expenses compared to an 18.1% loss for the S&P 500 Index. 2022 was an exceptionally good year for the strategy as the market environment was […]

    01/18/2023GLRE
    Is Tenet Healthcare Corporation (THC) Stock Attractively Priced?

    Greenlight Capital, an investment management company, released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. For 2022, the fund returned 36.6% net of fees and expenses compared to an 18.1% loss for the S&P 500 Index. 2022 was an exceptionally good year for the strategy as the market environment was […]

    01/18/2023GLRE
    Teck Resources Limited (TECK) Surged in 2022 on Multiple Positive Grounds

    Greenlight Capital, an investment management company, released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. For 2022, the fund returned 36.6% net of fees and expenses compared to an 18.1% loss for the S&P 500 Index. 2022 was an exceptionally good year for the strategy as the market environment was […]

    01/18/2023GLRE
    Should You Hold CONSOL Energy (CEIX) for the Long-Term?

    Greenlight Capital, an investment management company, released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. For 2022, the fund returned 36.6% net of fees and expenses compared to an 18.1% loss for the S&P 500 Index. 2022 was an exceptionally good year for the strategy as the market environment was […]

    01/17/2023GLRE
    Greenlight marks stellar 2022 on shorting tech stocks

    Big tech and growth stocks bore the brunt of a prolonged rout last year, worsened by aggressive interest rate hikes that sent the tech-heavy Nasdaq Composite index down 33% in 2022. "2022 was an exceptionally good year," Greenlight said in a letter. "In many ways, it was our best ever and is most comparable to 2001, the year after the last technology bubble popped."

    01/3/2023GLRE
    Einhorn’s Fund Climbed 36.6% Last Year, Recouping Losses That Began in 2015

    (Bloomberg) -- David Einhorn’s Greenlight Capital climbed 36.6% last year, finally recouping losses that his flagship fund had posted since 2015. Most Read from BloombergChina’s Foreign Minister Says ‘Deeply Impressed’ With AmericansElon Musk Becomes First Person Ever to Lose $200 BillionShopify Tells Employees to Just Say No to MeetingsBodies Pile Up in China as Covid Surge Overwhelms CrematoriumsThe fund rose 3.5% gain in December, according to a person familiar with its performance. The gain

    12/9/2022GLRE
    Greenlight Capital Re (NASDAQ:GLRE) investors are sitting on a loss of 62% if they invested five years ago

    Generally speaking long term investing is the way to go. But along the way some stocks are going to perform badly. For...