Maiden Holdings, Ltd. (NASDAQ:MHLD) Short Interest Update

Maiden Holdings, Ltd. (NASDAQ:MHLDGet Rating) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 251,000 shares, a drop of 14.0% from the August 15th total of 292,000 shares. Based on an average daily volume of 270,500 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.4% of the company’s shares are short sold.

Maiden Price Performance

Shares of MHLD stock opened at $2.19 on Monday. The stock has a 50-day moving average price of $2.16 and a 200 day moving average price of $2.22. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.12. The firm has a market cap of $190.88 million, a price-to-earnings ratio of 4.13 and a beta of 1.22. Maiden has a 12 month low of $1.84 and a 12 month high of $3.57.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Maiden from a “hold” rating to a “sell” rating in a research report on Monday, May 23rd.

Institutional Trading of Maiden

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. acquired a new stake in Maiden in the second quarter worth about $27,000. ProShare Advisors LLC bought a new position in Maiden during the fourth quarter worth about $47,000. Camelot Portfolios LLC bought a new position in Maiden during the second quarter worth about $45,000. Assenagon Asset Management S.A. bought a new position in Maiden during the second quarter worth about $53,000. Finally, Cubist Systematic Strategies LLC bought a new position in Maiden during the second quarter worth about $53,000. 29.87% of the stock is currently owned by institutional investors and hedge funds.

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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