Enstar Group Limited (NASDAQ:ESGRP) Short Interest Up 93.0% in March

Enstar Group Limited (NASDAQ:ESGRP) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 11,000 shares, a growth of 93.0% from the February 28th total of 5,700 shares. Based on an average trading volume of 37,700 shares, the short-interest ratio is currently 0.3 days.

Enstar Group Stock Down 1.3 %

Shares of ESGRP stock traded down $0.28 during mid-day trading on Friday, reaching $21.07. The stock had a trading volume of 28,410 shares, compared to its average volume of 66,900. Enstar Group has a 1-year low of $19.01 and a 1-year high of $25.84. The business’s fifty day moving average is $20.84 and its 200-day moving average is $20.48.

Enstar Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Saturday, February 15th were issued a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 8.31%. The ex-dividend date of this dividend was 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.