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

Maiden Holdings, Ltd. (NASDAQ:MHLD) saw a significant increase in short interest in 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 company are sold short. Based on an average daily volume of 183,200 shares, the days-to-cover ratio is presently 6.5 days.

Institutional Trading of Maiden

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp boosted its position in Maiden by 0.5% in the third 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 in the last quarter. Sowell Financial Services LLC increased its holdings in Maiden by 29.9% in the fourth quarter. Sowell Financial Services LLC now owns 466,164 shares of the insurance provider’s stock valued at $788,000 after purchasing an additional 107,279 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Maiden by 145.2% during the 4th quarter. JPMorgan Chase & Co. now owns 331,368 shares of the insurance provider’s stock worth $560,000 after acquiring an additional 196,216 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Maiden by 8.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 260,103 shares of the insurance provider’s stock worth $460,000 after acquiring an additional 19,664 shares in the last quarter. Finally, Barclays PLC raised its holdings in Maiden by 14.4% during the 4th quarter. Barclays PLC now owns 132,439 shares of the insurance provider’s stock worth $223,000 after buying an additional 16,699 shares during the period. 21.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Maiden in a research report on Saturday. They set a “sell” rating for the company.

Maiden Stock Up 1.4 %

Shares of NASDAQ MHLD traded up $0.01 during mid-day trading on Tuesday, reaching $0.58. The company had a trading volume of 147,638 shares, compared to its average volume of 127,523. The stock has a fifty day moving average of $0.86 and a two-hundred day moving average of $1.31. The company has a market capitalization of $57.54 million, a price-to-earnings ratio of -0.89 and a beta of 1.29. Maiden has a 12-month low of $0.57 and a 12-month high of $2.27. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.86.

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

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.