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

Maiden Holdings North America, Ltd. (NYSE:MHNC) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 3,272 shares, a drop of 38.1% from the August 15th total of 5,284 shares. Based on an average trading volume of 2,614 shares, the short-interest ratio is currently 1.3 days.

Maiden Holdings North America Stock Performance

MHNC traded up $0.00 on Wednesday, reaching $10.83. 941 shares of the stock were exchanged, compared to its average volume of 4,439. The company’s 50-day moving average price is $11.70 and its 200 day moving average price is $12.48. Maiden Holdings North America has a fifty-two week low of $10.75 and a fifty-two week high of $18.13.

Maiden Holdings North America Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Saturday, August 15th were given a dividend of $0.4844 per share. This is an increase from Maiden Holdings North America’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a yield of 17.9%. The ex-dividend date was Friday, August 14th.

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.