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

Maiden Holdings North America, Ltd. (NYSE:MHNC) was the recipient of a large 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 trading volume, of 3,005 shares, the short-interest ratio is presently 1.9 days. Based on an average daily trading volume, of 3,005 shares, the short-interest ratio is presently 1.9 days.

Maiden Holdings North America Price Performance

NYSE:MHNC traded down $0.67 during midday trading on Friday, hitting $14.90. 4,227 shares of the stock were exchanged, compared to its average volume of 3,505. Maiden Holdings North America has a one year low of $14.85 and a one year high of $18.54. The business has a 50-day moving average price of $15.71 and a two-hundred day moving average price of $16.87.

Maiden Holdings North America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Sunday, February 15th will be issued a $0.4844 dividend. This represents a $1.94 annualized dividend and a dividend yield of 13.0%. This is a positive change from Maiden Holdings North America’s previous quarterly dividend of $0.48. The ex-dividend date is 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.