Short Interest in Maiden Holdings North America, Ltd. (NYSE:MHNC) Expands By 82.3%

Maiden Holdings North America, Ltd. (NYSE:MHNC) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 3,023 shares, a growth of 82.3% from the June 15th total of 1,658 shares. Based on an average daily volume of 7,712 shares, the days-to-cover ratio is presently 0.4 days.

Maiden Holdings North America Trading Up 0.2%

Shares of NYSE:MHNC opened at $11.63 on Friday. The business’s 50-day simple moving average is $12.56 and its 200 day simple moving average is $13.63. Maiden Holdings North America has a one year low of $11.14 and a one year high of $18.54.

Maiden Holdings North America Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Saturday, August 15th will be paid a dividend of $0.4844 per share. This is a positive change from Maiden Holdings North America’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.94 annualized dividend and a yield of 16.7%.

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.