Enstar Group Limited (NASDAQ:ESGRP) Short Interest Up 177.8% in March

Enstar Group Limited (NASDAQ:ESGRP) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 35,000 shares, an increase of 177.8% from the February 29th total of 12,600 shares. Based on an average daily trading volume, of 20,300 shares, the days-to-cover ratio is currently 1.7 days.

Enstar Group Price Performance

NASDAQ:ESGRP traded down $0.15 during midday trading on Thursday, hitting $25.75. The company’s stock had a trading volume of 24,089 shares, compared to its average volume of 19,634. Enstar Group has a fifty-two week low of $21.04 and a fifty-two week high of $26.12. The firm’s 50 day moving average is $25.47 and its 200-day moving average is $24.75.

Enstar Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were given a $0.4375 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.75 annualized dividend and a yield of 6.80%.

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.