Short Interest in Maiden Holdings North America, Ltd. (NYSE:MHNC) Rises By 82.3%

Maiden Holdings North America, Ltd. (NYSE:MHNC) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 3,023 shares, an increase of 82.3% from the June 15th total of 1,658 shares. Based on an average trading volume of 7,712 shares, the days-to-cover ratio is currently 0.4 days.

Maiden Holdings North America Trading Up 1.2%

Maiden Holdings North America stock traded up $0.14 during midday trading on Friday, reaching $11.76. The stock had a trading volume of 3,377 shares, compared to its average volume of 4,634. Maiden Holdings North America has a 12 month low of $11.14 and a 12 month high of $18.54. The firm’s 50-day moving average price is $12.51 and its 200 day moving average price is $13.62.

Maiden Holdings North America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th will be paid a $0.4844 dividend. The ex-dividend date is Friday, August 14th. This is a positive change from Maiden Holdings North America’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a dividend yield of 16.5%.

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.