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

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

Maiden Holdings North America Price Performance

Shares of MHNC stock traded down $0.02 during mid-day trading on Friday, hitting $12.74. The company had a trading volume of 2,143 shares, compared to its average volume of 4,609. Maiden Holdings North America has a 52-week low of $11.14 and a 52-week high of $18.54. The stock’s 50 day moving average price is $12.95 and its 200-day moving average price is $14.36.

Maiden Holdings North America Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a dividend of $0.4844 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.94 dividend on an annualized basis and a yield of 15.2%.

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.