Maiden Holdings North America, Ltd. (NYSE:MHNC) Shares Shorted: Short Interest Down 58.3% in October

Maiden Holdings North America, Ltd. (NYSE:MHNC – Get Free Report) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 1,396 shares, a decrease of 58.3% from the September 30th total of 3,347 shares. Based on an average trading volume of 5,567 shares, the days-to-cover ratio is currently 0.3 days.

Maiden Holdings North America Stock Performance

NYSE:MHNC traded up $0.07 during trading hours on Friday, hitting $10.68. The company had a trading volume of 6,583 shares, compared to its average volume of 4,804. The stock has a 50-day moving average price of $10.83 and a 200 day moving average price of $12.59. Maiden Holdings North America has a 52 week low of $10.09 and a 52 week high of $17.99.

Maiden Holdings North America Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Sunday, November 15th will be given a dividend of $0.4844 per share. This is a decrease from Maiden Holdings North America’s previous quarterly dividend of $0.4844. This represents a $1.94 annualized dividend and a dividend yield of 18.1%. The ex-dividend date is Friday, November 13th.

Maiden Holdings North America, Ltd. is a subsidiary of Maiden Holdings, Ltd., a Bermuda-based specialty insurance and reinsurance group. The company has historically served as a holding company for Maiden’s North American reinsurance operations, including its U.S.-based operating subsidiaries.

Through its affiliated companies, Maiden provided property and casualty reinsurance to insurance carriers and other specialty insurance businesses. Its offerings historically included quota-share and excess-of-loss reinsurance, with exposure to lines such as personal and commercial automobile, workers’ compensation, and other specialty risks.

Maiden’s North American operations have undergone significant changes as the parent company reduced underwriting activity and focused on managing legacy liabilities and runoff business.

Further Reading

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