Short Interest in Enstar Group Limited (NASDAQ:ESGRO) Decreases By 42.8%

Enstar Group Limited (NASDAQ:ESGRO) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 8,300 shares, a drop of 42.8% from the February 28th total of 14,500 shares. Based on an average daily trading volume, of 15,700 shares, the days-to-cover ratio is presently 0.5 days.

Enstar Group Stock Up 0.4 %

ESGRO traded up $0.09 on Friday, reaching $20.46. The stock had a trading volume of 5,978 shares, compared to its average volume of 19,901. Enstar Group has a 12-month low of $18.59 and a 12-month high of $25.23. The business’s 50-day moving average price is $20.43 and its two-hundred day moving average price is $20.41.

Enstar Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Saturday, February 15th were given a dividend of $0.4375 per share. The ex-dividend date was Friday, February 14th. This represents a $1.75 annualized dividend and a dividend yield of 8.55%.

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.