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

Enstar Group Limited (NASDAQ:ESGRP) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 12,000 shares, a growth of 135.3% from the October 15th total of 5,100 shares. Based on an average daily volume of 109,500 shares, the days-to-cover ratio is presently 0.1 days.

Enstar Group Stock Down 1.0 %

Shares of ESGRP stock traded down $0.21 during mid-day trading on Thursday, reaching $20.88. The stock had a trading volume of 42,672 shares, compared to its average volume of 60,253. Enstar Group has a 1-year low of $19.01 and a 1-year high of $26.12. The business’s fifty day moving average is $20.28 and its 200-day moving average is $22.60.

Enstar Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be issued a dividend of $0.4375 per share. The ex-dividend date is Friday, November 15th. This represents a $1.75 annualized dividend and a dividend yield of 8.38%.

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.