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

Enstar Group Limited (NASDAQ:ESGRO) was the recipient of a large drop in short interest in 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 Performance

Shares of Enstar Group stock traded up $0.09 during midday trading on Friday, hitting $20.46. The company had a trading volume of 5,978 shares, compared to its average volume of 19,901. The company has a 50 day moving average of $20.43 and a 200 day moving average of $20.41. Enstar Group has a 52-week low of $18.59 and a 52-week high of $25.23.

Enstar Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Saturday, February 15th were paid a $0.4375 dividend. The ex-dividend date of this dividend 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.