Maiden Holdings North America, Ltd. (NYSE:MHNC) Short Interest Update

Maiden Holdings North America, Ltd. (NYSE:MHNC) was the recipient of a significant increase in short interest in 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 short-interest ratio is presently 0.4 days.

Maiden Holdings North America Trading Up 1.2%

Shares of MHNC stock opened at $11.76 on Friday. Maiden Holdings North America has a twelve month low of $11.14 and a twelve month high of $18.54. The stock has a 50 day moving average of $12.51 and a 200 day moving average of $13.62.

Maiden Holdings North America Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th will be issued a dividend of $0.4844 per share. This is a positive change from Maiden Holdings North America’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, August 14th. 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.