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

Maiden Holdings North America, Ltd. (NYSE:MHNCGet Free Report) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 1,729 shares, a decline of 67.5% from the February 26th total of 5,325 shares. Based on an average daily volume of 5,813 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 5,813 shares, the days-to-cover ratio is presently 0.3 days.

Maiden Holdings North America Stock Performance

MHNC stock traded up $0.60 during mid-day trading on Wednesday, hitting $13.02. The stock had a trading volume of 7,565 shares, compared to its average volume of 5,133. Maiden Holdings North America has a 1-year low of $11.14 and a 1-year high of $18.54. The company has a fifty day moving average of $14.70 and a 200 day moving average of $16.18.

Maiden Holdings North America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Sunday, February 15th were issued a $0.4844 dividend. This is an increase from Maiden Holdings North America’s previous quarterly dividend of $0.48. This represents a $1.94 dividend on an annualized basis and a yield of 14.9%. 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.

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