Enstar Group Limited (NASDAQ:ESGRP) Sees Large Drop in Short Interest

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

Enstar Group Price Performance

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

Enstar Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Saturday, February 15th will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend 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.