Maiden Holdings North America, Ltd. (NYSE:MHNC) Sees Large Decline in Short Interest

Maiden Holdings North America, Ltd. (NYSE:MHNC) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 5,654 shares, a decrease of 21.0% from the January 15th total of 7,156 shares. Based on an average trading volume of 3,005 shares, the days-to-cover ratio is currently 1.9 days. Based on an average trading volume of 3,005 shares, the days-to-cover ratio is currently 1.9 days.

Maiden Holdings North America Stock Down 4.3%

Shares of NYSE:MHNC traded down $0.67 during trading on Friday, hitting $14.90. 4,227 shares of the company traded hands, compared to its average volume of 3,505. The business’s fifty day moving average is $15.71 and its 200-day moving average is $16.87. Maiden Holdings North America has a one year low of $14.85 and a one year high of $18.54.

Maiden Holdings North America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Sunday, February 15th will be paid a dividend of $0.4844 per share. This represents a $1.94 dividend on an annualized basis and a yield of 13.0%. The ex-dividend date is Friday, February 13th. This is an increase from Maiden Holdings North America’s previous quarterly dividend of $0.48.

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.