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

Maiden Holdings North America, Ltd. (NYSE:MHNC) was the target of a significant decrease in short interest in 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 daily volume of 3,005 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily volume of 3,005 shares, the days-to-cover ratio is presently 1.9 days.

Maiden Holdings North America Stock Performance

Shares of MHNC stock traded up $0.16 during mid-day trading on Tuesday, reaching $15.07. 22,410 shares of the company’s stock traded hands, compared to its average volume of 4,156. Maiden Holdings North America has a 12 month low of $14.63 and a 12 month high of $18.54. The company’s 50-day moving average price is $15.67 and its 200-day moving average price is $16.84.

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 given a dividend of $0.4844 per share. This is a boost from Maiden Holdings North America’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.94 dividend on an annualized basis and a yield of 12.9%.

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.