Maiden Holdings North America, Ltd. (NYSE:MHNC) Stock Short Interest Report for October

Maiden Holdings North America, Ltd. (NYSE:MHNC) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 1,396 shares, a drop of 58.3% from the September 30th total of 3,347 shares. Based on an average trading volume of 5,567 shares, the days-to-cover ratio is currently 0.3 days.

Maiden Holdings North America Stock Performance

Shares of MHNC stock opened at $10.68 on Friday. The firm has a fifty day simple moving average of $10.83 and a 200-day simple moving average of $12.59. Maiden Holdings North America has a twelve month low of $10.09 and a twelve month high of $17.99.

Maiden Holdings North America Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Sunday, November 15th will be issued a $0.4844 dividend. This is a decrease from Maiden Holdings North America’s previous quarterly dividend of $0.4844. This represents a $1.94 dividend on an annualized basis and a yield of 18.1%. The ex-dividend date of this dividend is Friday, November 13th.

Maiden Holdings North America, Ltd. is a subsidiary of Maiden Holdings, Ltd., a Bermuda-based specialty insurance and reinsurance group. The company has historically served as a holding company for Maiden’s North American reinsurance operations, including its U.S.-based operating subsidiaries.

Through its affiliated companies, Maiden provided property and casualty reinsurance to insurance carriers and other specialty insurance businesses. Its offerings historically included quota-share and excess-of-loss reinsurance, with exposure to lines such as personal and commercial automobile, workers’ compensation, and other specialty risks.

Maiden’s North American operations have undergone significant changes as the parent company reduced underwriting activity and focused on managing legacy liabilities and runoff business.