Short Interest in Enstar Group Limited (NASDAQ:ESGRP) Decreases By 51.9%

Enstar Group Limited (NASDAQ:ESGRP) was the target of a large decrease in short interest in the month of 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 currently 0.1 days.

Enstar Group Price Performance

Shares of NASDAQ:ESGRP traded up $0.27 during trading on Friday, reaching $21.04. 454,312 shares of the stock were exchanged, compared to its average volume of 41,646. Enstar Group has a 1-year low of $19.01 and a 1-year high of $26.12. The stock has a fifty day moving average of $20.50 and a two-hundred day moving average of $20.41.

Enstar Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Saturday, February 15th will be given a $0.4375 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.75 annualized dividend and a yield of 8.32%.

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.