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

Enstar Group Limited (NASDAQ:ESGRP) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 23,200 shares, an increase of 314.3% from the May 31st total of 5,600 shares. Based on an average daily trading volume, of 20,100 shares, the days-to-cover ratio is currently 1.2 days.

Enstar Group Price Performance

NASDAQ:ESGRP traded down $0.13 during mid-day trading on Friday, reaching $25.05. The company’s stock had a trading volume of 30,494 shares, compared to its average volume of 19,983. Enstar Group has a 12-month low of $22.01 and a 12-month high of $26.12. The firm’s fifty day moving average price is $25.17 and its two-hundred day moving average price is $25.28.

Enstar Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were given a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date was Tuesday, May 14th.

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.