Enstar Group Limited (NASDAQ:ESGRP) Sees Large Increase in Short Interest

Enstar Group Limited (NASDAQ:ESGRP) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 11,000 shares, an increase of 93.0% from the February 28th total of 5,700 shares. Based on an average daily volume of 37,700 shares, the days-to-cover ratio is presently 0.3 days.

Enstar Group Trading Down 1.3 %

ESGRP stock traded down $0.28 during trading on Friday, reaching $21.07. The stock had a trading volume of 28,410 shares, compared to its average volume of 66,900. Enstar Group has a one year low of $19.01 and a one year high of $25.84. The company’s 50 day moving average is $20.84 and its two-hundred day moving average is $20.48.

Enstar Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Saturday, February 15th were paid a $0.4375 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.75 dividend on an annualized basis and a yield of 8.31%.

Enstar Group Company Profile

Enstar Group Limited acquires and manages insurance and reinsurance companies and portfolios in run-off in Bermuda and internationally. It engages in the run-off property and casualty; other reinsurance; life and catastrophe; and legacy underwriting businesses; as well as investment activities. The company also provides consulting services, including claims inspection, claims validation, reinsurance asset collection, syndicate management, and IT consulting services to the insurance and reinsurance industry.