Short Interest in Maiden Holdings, Ltd. (NASDAQ:MHLD) Increases By 38.8%

Maiden Holdings, Ltd. (NASDAQ:MHLD) was the recipient of a large increase in short interest during 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. Based on an average daily trading volume, of 183,200 shares, the days-to-cover ratio is currently 6.5 days. Currently, 2.1% of the shares of the company are sold short.

Maiden Trading Down 5.5 %

Shares of NASDAQ:MHLD opened at $0.61 on Monday. 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’s 50-day moving average price is $0.89 and its 200 day moving average price is $1.32. The company has a market cap of $60.69 million, a PE ratio of -0.94 and a beta of 1.29. Maiden has a fifty-two week low of $0.61 and a fifty-two week high of $2.27.

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

Institutional Trading of Maiden

Several hedge funds have recently added to or reduced their stakes in MHLD. SG Americas Securities LLC increased 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 valued at $78,000 after purchasing an additional 17,017 shares during the period. State Street Corp increased its stake in Maiden by 0.5% during the 3rd quarter. State Street Corp now owns 1,201,024 shares of the insurance provider’s stock valued at $2,126,000 after buying an additional 6,341 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Maiden by 8.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 260,103 shares of the insurance provider’s stock valued at $460,000 after buying an additional 19,664 shares during the period. Barclays PLC raised its position in shares of Maiden by 268.8% during 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 in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake 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 acquiring an additional 95,927 shares during the period. Institutional investors own 21.78% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Maiden in a research note on Saturday. They issued a “sell” rating on the 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.