Short Interest in Enstar Group Limited (NASDAQ:ESGRP) Increases By 93.0%

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

Enstar Group Price Performance

Shares of ESGRP stock traded down $0.28 during trading hours on Friday, hitting $21.07. 28,410 shares of the company’s stock traded hands, compared to its average volume of 67,071. The stock’s 50 day simple moving average is $20.82 and its 200 day simple moving average is $20.47. Enstar Group has a 12 month low of $19.01 and a 12 month high of $26.09.

Enstar Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Saturday, February 15th were issued a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 8.31%. The ex-dividend date of this dividend was Friday, February 14th.

About Enstar Group

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.