Short Interest in Enstar Group Limited (NASDAQ:ESGRO) Expands By 6.1%

Enstar Group Limited (NASDAQ:ESGRO) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 31,200 shares, a growth of 6.1% from the August 15th total of 29,400 shares. Based on an average daily volume of 30,600 shares, the short-interest ratio is presently 1.0 days.

Enstar Group Price Performance

NASDAQ:ESGRO traded up $0.52 during mid-day trading on Tuesday, reaching $20.32. 25,148 shares of the stock were exchanged, compared to its average volume of 17,305. The business has a fifty day moving average price of $21.74 and a 200 day moving average price of $23.54. Enstar Group has a 1-year low of $18.59 and a 1-year high of $25.47.

Enstar Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Thursday, August 15th were given a $0.4375 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 8.61%.

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.