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

Maiden Holdings North America, Ltd. (NYSE:MHNC) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 5,325 shares, a growth of 42.1% from the February 12th total of 3,747 shares. Based on an average daily volume of 7,718 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 7,718 shares, the short-interest ratio is presently 0.7 days.

Maiden Holdings North America Trading Down 1.0%

Shares of MHNC traded down $0.13 during midday trading on Friday, hitting $12.82. 7,052 shares of the stock were exchanged, compared to its average volume of 4,784. Maiden Holdings North America has a 52-week low of $12.79 and a 52-week high of $18.54. The stock has a fifty day simple moving average of $15.20 and a 200 day simple moving average of $16.46.

Maiden Holdings North America Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Sunday, February 15th were paid a dividend of $0.4844 per share. This represents a $1.94 dividend on an annualized basis and a yield of 15.1%. This is a boost from Maiden Holdings North America’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, February 13th.

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.