Maiden Holdings, Ltd. (NASDAQ:MHLD) Sees Significant Increase in Short Interest

Maiden Holdings, Ltd. (NASDAQ:MHLD - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,190,000 shares, an increase of 38.8% from the February 28th total of 857,200 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily volume of 183,200 shares, the days-to-cover ratio is presently 6.5 days.

Maiden Price Performance

NASDAQ:MHLD traded down $0.05 during mid-day trading on Thursday, hitting $0.56. 238,893 shares of the stock traded hands, compared to its average volume of 127,753. Maiden has a 12-month low of $0.55 and a 12-month high of $2.27. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.22. The company has a market cap of $56.18 million, a PE ratio of -0.87 and a beta of 1.29. The business's 50-day moving average price is $0.84 and its 200 day moving average price is $1.30.

Maiden (NASDAQ:MHLD - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The insurance provider reported ($1.53) earnings per share for the quarter. The firm had revenue of ($6.64) million during the quarter. Maiden had a negative return on equity of 16.55% and a negative net margin of 71.58%.

Hedge Funds Weigh In On Maiden

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its holdings in shares of Maiden by 58.5% during the fourth quarter. SG Americas Securities LLC now owns 46,096 shares of the insurance provider's stock worth $78,000 after purchasing an additional 17,017 shares in the last quarter. State Street Corp lifted its position in Maiden by 0.5% during the third quarter. State Street Corp now owns 1,201,024 shares of the insurance provider's stock valued at $2,126,000 after purchasing an additional 6,341 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Maiden by 8.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 260,103 shares of the insurance provider's stock worth $460,000 after buying an additional 19,664 shares in the last quarter. Barclays PLC increased its holdings in shares of Maiden by 268.8% in the 3rd quarter. Barclays PLC now owns 115,740 shares of the insurance provider's stock worth $205,000 after buying an additional 84,359 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Maiden by 244.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 135,152 shares of the insurance provider's stock worth $239,000 after buying an additional 95,927 shares during the last quarter. 21.78% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Maiden in a report on Saturday, March 29th. They set a "sell" rating for the company.

Maiden Company Profile

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.