Short Interest in Maiden Holdings North America, Ltd. (NYSE:MHNC) Declines By 38.1%

Maiden Holdings North America, Ltd. (NYSE:MHNC) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 3,272 shares, a decrease of 38.1% from the August 15th total of 5,284 shares. Based on an average daily volume of 2,614 shares, the days-to-cover ratio is presently 1.3 days.

Maiden Holdings North America Stock Performance

Shares of NYSE MHNC traded down $0.03 during trading hours on Friday, reaching $10.72. 1,047 shares of the stock traded hands, compared to its average volume of 4,415. The company’s 50-day simple moving average is $11.66 and its two-hundred day simple moving average is $12.42. Maiden Holdings North America has a 52-week low of $10.73 and a 52-week high of $18.13.

Maiden Holdings North America Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th were paid a $0.4844 dividend. This is a positive change from Maiden Holdings North America’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 18.1%.

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.