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MBIA (NYSE:MBI) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totalling 10,556,107 shares, an increase of 45.4% from the April 15th total of 7,258,230 shares, American Banking and Market News reports. Based on an average daily trading volume, of 2,720,308 shares, the short-interest ratio is presently 3.9 days. Approximately 7.7% of the shares of the stock are short sold.

Separately, analysts at TheStreet downgraded shares of MBIA from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th.

MBIA (NYSE:MBI) opened at 11.88 on Thursday. MBIA has a 52 week low of $9.58 and a 52 week high of $15.26. The stock has a 50-day moving average of $12.3 and a 200-day moving average of $12.42. The company has a market cap of $2.319 billion and a P/E ratio of 6.73.

MBIA (NYSE:MBI) last announced its earnings results on Monday, May 12th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $1.26. The company had revenue of $88.00 million for the quarter, compared to the consensus estimate of $93.45 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was down 26.7% on a year-over-year basis. On average, analysts predict that MBIA will post $1.71 earnings per share for the current fiscal year.

MBIA Inc (NYSE:MBI) together with its consolidated subsidiaries, operates the financial guarantee insurance businesses in the industry and is a provider of asset management advisory services.

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