Maiden Holdings North America, Ltd. (NYSE:MHNC) Short Interest Down 38.1% in August

Maiden Holdings North America, Ltd. (NYSE:MHNC) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 3,272 shares, a decline of 38.1% from the August 15th total of 5,284 shares. Based on an average daily volume of 2,614 shares, the days-to-cover ratio is presently 1.3 days.

Maiden Holdings North America Stock Performance

Maiden Holdings North America stock traded up $0.14 during mid-day trading on Thursday, reaching $10.90. 2,065 shares of the company’s stock were exchanged, compared to its average volume of 4,435. Maiden Holdings North America has a one year low of $10.73 and a one year high of $18.13. The business’s fifty day simple moving average is $11.68 and its 200 day simple moving average is $12.45.

Maiden Holdings North America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Saturday, August 15th were given a $0.4844 dividend. 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 yield of 17.8%. The ex-dividend date of this dividend was Friday, August 14th.

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.