Short Interest in Maiden Holdings, Ltd. (NASDAQ:MHLD) Decreases By 19.3%

Maiden Holdings, Ltd. (NASDAQ:MHLD - Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 432,500 shares, a drop of 19.3% from the September 15th total of 535,900 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 109,100 shares, the days-to-cover ratio is presently 4.0 days.

Maiden Price Performance

Shares of MHLD stock traded up $0.04 during trading hours on Friday, hitting $1.73. The company had a trading volume of 48,767 shares, compared to its average volume of 141,633. Maiden has a 12 month low of $1.19 and a 12 month high of $2.55. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm's fifty day moving average is $1.71 and its 200 day moving average is $1.95. The firm has a market capitalization of $173.36 million, a price-to-earnings ratio of -6.65 and a beta of 1.23.

Maiden (NASDAQ:MHLD - Get Free Report) last posted its earnings results on Thursday, August 8th. The insurance provider reported ($0.11) earnings per share for the quarter. Maiden had a negative return on equity of 14.06% and a negative net margin of 34.06%. The firm had revenue of $19.03 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Maiden from a "hold" rating to a "sell" rating in a research note on Monday, August 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MHLD. Price T Rowe Associates Inc. MD lifted its position in shares of Maiden by 11.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 66,450 shares of the insurance provider's stock worth $150,000 after purchasing an additional 6,645 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Maiden by 98.4% during the third quarter. SG Americas Securities LLC now owns 29,079 shares of the insurance provider's stock worth $51,000 after acquiring an additional 14,422 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Maiden by 48.6% during the first quarter. BNP Paribas Financial Markets now owns 44,131 shares of the insurance provider's stock valued at $99,000 after acquiring an additional 14,425 shares during the period. RPOA Advisors Inc. bought a new position in Maiden in the second quarter valued at about $63,000. Finally, Vanguard Group Inc. raised its holdings in Maiden by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 3,044,379 shares of the insurance provider's stock worth $6,850,000 after purchasing an additional 40,291 shares during the last quarter. Institutional investors and hedge funds own 21.78% of the company's stock.

About Maiden

Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty insurance and reinsurance solutions to regional and specialty insurers in Europe, North America, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The company writes treaties on a quota share basis and excess of loss basis.