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

Maiden Holdings North America, Ltd. (NYSE:MHNC) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 1,729 shares, a drop of 67.5% from the February 26th total of 5,325 shares. Based on an average trading volume of 5,813 shares, the short-interest ratio is presently 0.3 days.

Maiden Holdings North America Price Performance

Shares of Maiden Holdings North America stock traded down $0.19 during trading on Thursday, hitting $12.22. 942 shares of the company’s stock traded hands, compared to its average volume of 5,004. The firm’s fifty day moving average price is $14.56 and its 200 day moving average price is $16.13. Maiden Holdings North America has a twelve month low of $11.14 and a twelve month high of $18.54.

Maiden Holdings North America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Sunday, February 15th were issued a dividend of $0.4844 per share. The ex-dividend date of this dividend was Friday, February 13th. This is a positive change from Maiden Holdings North America’s previous quarterly dividend of $0.48. This represents a $1.94 dividend on an annualized basis and a yield of 15.9%.

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.