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

Maiden Holdings, Ltd. (NASDAQ:MHLDGet Rating) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 1,740,000 shares, an increase of 67.3% from the April 15th total of 1,040,000 shares. Based on an average daily volume of 145,000 shares, the days-to-cover ratio is presently 12.0 days. Currently, 2.7% of the shares of the company are sold short.

Several research analysts recently commented on the company. TheStreet raised Maiden from a “d” rating to a “c-” rating in a research report on Wednesday, February 2nd. StockNews.com assumed coverage on Maiden in a research report on Tuesday, April 19th. They issued a “hold” rating for the company.

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in Maiden by 89.5% during the third quarter. Royal Bank of Canada now owns 9,021 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 4,261 shares in the last quarter. ProShare Advisors LLC acquired a new position in Maiden during the fourth quarter worth $47,000. BNP Paribas Arbitrage SA raised its stake in Maiden by 71.6% during the third quarter. BNP Paribas Arbitrage SA now owns 15,594 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 6,507 shares in the last quarter. Citigroup Inc. raised its stake in Maiden by 122.5% during the fourth quarter. Citigroup Inc. now owns 17,625 shares of the insurance provider’s stock worth $54,000 after acquiring an additional 9,704 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Maiden by 262.8% during the second quarter. Bank of America Corp DE now owns 19,978 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 14,471 shares in the last quarter. Hedge funds and other institutional investors own 26.54% of the company’s stock.

Maiden stock opened at $2.30 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.42 and a quick ratio of 0.40. The stock has a fifty day moving average price of $2.31 and a two-hundred day moving average price of $2.72. Maiden has a 52-week low of $1.88 and a 52-week high of $3.69. The firm has a market capitalization of $201.14 million, a P/E ratio of 4.18 and a beta of 1.26.

About Maiden (Get Rating)

Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty reinsurance solutions to regional and specialty insurers in Europe, the United States, 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.

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