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

Maiden Holdings North America, Ltd. (NYSE:MHNC) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 3,151 shares, a decline of 63.9% from the April 15th total of 8,735 shares. Based on an average daily volume of 2,249 shares, the days-to-cover ratio is presently 1.4 days.

Maiden Holdings North America Stock Up 0.7%

Maiden Holdings North America stock traded up $0.09 during trading hours on Thursday, hitting $13.97. 2,548 shares of the stock traded hands, compared to its average volume of 4,801. The firm’s 50 day moving average price is $13.02 and its 200-day moving average price is $15.02. Maiden Holdings North America has a 1 year low of $11.14 and a 1 year high of $18.54.

Maiden Holdings North America Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be paid a dividend of $0.4844 per share. This represents a $1.94 annualized dividend and a yield of 13.9%. The ex-dividend date 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.