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

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 trading volume of 4,343 shares, the days-to-cover ratio is currently 0.4 days.

Maiden Holdings North America Stock Up 0.3%

NYSE MHNC traded up $0.03 during trading on Tuesday, hitting $12.40. 2,423 shares of the company’s stock were exchanged, compared to its average volume of 4,582. Maiden Holdings North America has a fifty-two week low of $11.14 and a fifty-two week high of $18.54. The stock’s 50 day moving average price is $12.94 and its two-hundred day moving average price is $14.31.

Maiden Holdings North America Cuts Dividend

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

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.