Enstar Group Limited (NASDAQ:ESGRP) Short Interest Update

Enstar Group Limited (NASDAQ:ESGRP) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 7,700 shares, a decrease of 51.9% from the January 31st total of 16,000 shares. Based on an average daily trading volume, of 58,900 shares, the days-to-cover ratio is presently 0.1 days.

Enstar Group Price Performance

Shares of NASDAQ ESGRP traded up $0.12 during midday trading on Monday, reaching $21.16. The company’s stock had a trading volume of 4,993 shares, compared to its average volume of 40,730. The firm has a 50 day moving average price of $20.52 and a 200-day moving average price of $20.41. Enstar Group has a 12-month low of $19.01 and a 12-month high of $26.12.

Enstar Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Saturday, February 15th will be paid a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date of this dividend is 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.