Maiden Holdings North America, Ltd. (NYSE:MHNC) Short Interest Down 47.0% in May

Maiden Holdings North America, Ltd. (NYSE:MHNC) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,758 shares, a decrease of 47.0% from the May 14th total of 3,317 shares. Based on an average daily volume of 4,343 shares, the days-to-cover ratio is currently 0.4 days.

Maiden Holdings North America Price Performance

Shares of MHNC traded down $0.34 during trading hours on Monday, reaching $12.40. The stock had a trading volume of 4,034 shares, compared to its average volume of 4,603. The firm has a 50-day moving average of $12.94 and a 200 day moving average of $14.31. Maiden Holdings North America has a 52 week low of $11.14 and a 52 week high of $18.54.

Maiden Holdings North America Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a $0.4844 dividend. This represents a $1.94 annualized dividend and a yield of 15.6%. The ex-dividend date was 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.