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

Maiden Holdings North America, Ltd. (NYSE:MHNC) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 3,151 shares, a drop of 63.9% from the April 15th total of 8,735 shares. Based on an average trading volume of 2,249 shares, the short-interest ratio is presently 1.4 days.

Maiden Holdings North America Price Performance

Shares of NYSE MHNC traded down $0.67 during mid-day trading on Friday, hitting $13.31. The company had a trading volume of 5,765 shares, compared to its average volume of 4,811. The firm has a 50-day simple moving average of $12.99 and a two-hundred day simple moving average of $15.01. Maiden Holdings North America has a one year low of $11.14 and a one year high of $18.54.

Maiden Holdings North America Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a $0.4844 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.94 annualized dividend and a dividend yield of 14.6%.

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.