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

Maiden Holdings North America, Ltd. (NYSE:MHNC) was the recipient of a significant growth in short interest in 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 trading 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. Maiden Holdings North America has a twelve month low of $11.14 and a twelve month high of $18.54. The business has a 50 day simple moving average of $12.56 and a 200-day simple moving average of $13.63.

Maiden Holdings North America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Saturday, August 15th will be issued a dividend of $0.4844 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 16.7%. 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.

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.