Maiden Holdings, Ltd. (NASDAQ:MHLD) Short Interest Up 17.1% in February

Maiden Holdings, Ltd. (NASDAQ:MHLD – Get Rating) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 220,200 shares, a growth of 17.1% from the February 13th total of 188,100 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 92,700 shares, the short-interest ratio is presently 2.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. UBS Group AG grew its holdings in shares of Maiden by 58.6% during the third quarter. UBS Group AG now owns 15,945 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 5,894 shares in the last quarter. Geode Capital Management LLC lifted its position in Maiden by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 638,331 shares of the insurance provider’s stock valued at $1,346,000 after purchasing an additional 7,117 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Maiden by 4.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 189,053 shares of the insurance provider’s stock valued at $456,000 after purchasing an additional 8,537 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Maiden by 21.7% during the first quarter. Goldman Sachs Group Inc. now owns 49,655 shares of the insurance provider’s stock valued at $120,000 after acquiring an additional 8,851 shares in the last quarter. Finally, Hohimer Wealth Management LLC bought a new position in shares of Maiden during the fourth quarter valued at approximately $25,000. Hedge funds and other institutional investors own 39.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Maiden in a report on Tuesday, January 17th. They set a “sell” rating for the company.

Maiden Price Performance

MHLD stock opened at $2.57 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $224.03 million, a PE ratio of 6.27 and a beta of 1.09. Maiden has a twelve month low of $1.80 and a twelve month high of $2.70. The stock has a 50-day simple moving average of $2.36 and a two-hundred day simple moving average of $2.22.

About Maiden

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Maiden Holdings Ltd. engages in the provision of non-catastrophic, customized reinsurance products and services to small and mid-size insurance companies. It operates through the Diversified Reinsurance and AmTrust Reinsurance segments. The Diversified Reinsurance segment consists of a portfolio of property and casualty reinsurance business.