Short Interest in Maiden Holdings North America, Ltd. (NYSE:MHNC) Decreases By 63.9%

Maiden Holdings North America, Ltd. (NYSE:MHNC) was the target of 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 days-to-cover ratio is presently 1.4 days.

Maiden Holdings North America Stock Performance

Shares of MHNC traded down $0.67 during trading hours on Friday, hitting $13.31. 5,765 shares of the company were exchanged, compared to its average volume of 4,811. The firm has a fifty day simple moving average of $12.99 and a 200-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 firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a $0.4844 dividend. This represents a $1.94 annualized dividend and a dividend yield of 14.6%. The ex-dividend date of this dividend is Friday, May 15th.

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.