Short Interest in Maiden Holdings, Ltd. (NASDAQ:MHLD) Drops By 47.7%
Maiden Holdings, Ltd. (NASDAQ:MHLD) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 36,200 shares, a drop of 47.7% from the December 15th total of 69,200 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 241,500 shares, the short-interest ratio is currently 0.1 days.
An institutional investor recently raised its position in Maiden stock. Squarepoint Ops LLC grew its holdings in Maiden Holdings, Ltd. (NASDAQ:MHLD) by 130.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,657 shares of the insurance provider’s stock after acquiring an additional 43,460 shares during the period. Squarepoint Ops LLC owned about 0.09% of Maiden worth $94,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 22.97% of the company’s stock.
NASDAQ:MHLD opened at $2.21 on Thursday. The company has a fifty day simple moving average of $2.23 and a two-hundred day simple moving average of $1.57. The company has a market cap of $187.41 million, a price-to-earnings ratio of 17.00 and a beta of 1.28. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 3.49. Maiden has a 52 week low of $0.38 and a 52 week high of $2.60.
MHLD has been the subject of several research reports. ValuEngine downgraded shares of Maiden from a “buy” rating to a “hold” rating in a report on Tuesday, December 1st. B. Riley boosted their price target on shares of Maiden from $1.50 to $2.00 and gave the stock a “neutral” rating in a research note on Thursday, January 7th.
Maiden Company Profile
Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty reinsurance solutions to regional and specialty insurers primarily in Europe and internationally. The company writes treaties on a quota share basis and excess of loss basis. It also offers auto and credit life insurance products through its insurer partners to retail clients.
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