Short Interest in Maiden Holdings North America, Ltd. (NYSE:MHNC) Declines By 47.0%

Maiden Holdings North America, Ltd. (NYSE:MHNC) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,758 shares, a decrease of 47.0% from the May 14th total of 3,317 shares. Based on an average daily volume of 4,343 shares, the days-to-cover ratio is currently 0.4 days.

Maiden Holdings North America Price Performance

Shares of MHNC stock traded down $0.02 during mid-day trading on Friday, hitting $12.74. The company had a trading volume of 2,143 shares, compared to its average volume of 4,609. Maiden Holdings North America has a 52-week low of $11.14 and a 52-week high of $18.54. The stock’s 50 day moving average price is $12.95 and its 200-day moving average price is $14.36.

Maiden Holdings North America Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a $0.4844 dividend. This represents a $1.94 annualized dividend and a dividend yield of 15.2%. The ex-dividend date of this dividend was Friday, May 15th.

Maiden Holdings North America Ltd. (NYSE: MHNC) is a specialty property and casualty reinsurer headquartered in Wilton, Connecticut. As a subsidiary of Bermuda-based Maiden Holdings, Ltd., the company provides treaty and facultative reinsurance solutions for primary insurers. Since its founding in 2007, Maiden Holdings North America has developed underwriting capabilities in property catastrophe, casualty, agriculture, surety and mortgage reinsurance, targeting niche segments where disciplined risk selection and tailored coverage can drive value.

The company’s product offerings include multi-year and annual treaty contracts, facultative reinsurance for individual risks, and run-off and legacy portfolio management services.