Short Interest in Enstar Group Limited (NASDAQ:ESGRP) Grows By 78.6%

Enstar Group Limited (NASDAQ:ESGRP) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 55,900 shares, an increase of 78.6% from the December 15th total of 31,300 shares. Based on an average daily volume of 70,300 shares, the short-interest ratio is presently 0.8 days.

Enstar Group Price Performance

NASDAQ:ESGRP opened at $20.12 on Friday. The business’s fifty day moving average price is $20.38 and its 200 day moving average price is $21.07. Enstar Group has a 12 month low of $19.01 and a 12 month high of $26.12.

Enstar Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Friday, November 15th were given a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 8.70%. The ex-dividend date of this dividend was Friday, November 15th.

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.