Maiden Holdings, Ltd. (NASDAQ:MHLD) Sees Significant Drop in Short Interest
Maiden Holdings, Ltd. (NASDAQ:MHLD) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totalling 961,900 shares, a decline of 66.2% from the June 15th total of 2,848,100 shares. Based on an average daily volume of 526,400 shares, the short-interest ratio is presently 1.8 days. Approximately 1.6% of the company’s shares are sold short.
Shares of Maiden stock traded up $0.02 on Friday, hitting $0.51. 385,839 shares of the company traded hands, compared to its average volume of 595,297. The stock’s 50-day moving average is $0.65. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 2.14. Maiden has a 12-month low of $0.47 and a 12-month high of $8.90.
Maiden (NASDAQ:MHLD) last posted its quarterly earnings results on Friday, May 10th. The insurance provider reported ($0.32) EPS for the quarter. Maiden had a negative net margin of 30.35% and a negative return on equity of 164.52%. The company had revenue of $215.87 million for the quarter.
Maiden Holdings, Ltd., through its subsidiaries, provides 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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