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 during the month of January. As of January 31st, there was short interest totalling 16,000 shares, a drop of 13.5% from the January 15th total of 18,500 shares. Based on an average daily volume of 56,100 shares, the days-to-cover ratio is currently 0.3 days.

Enstar Group Price Performance

Shares of ESGRP stock traded down $0.22 during mid-day trading on Friday, hitting $20.78. 32,312 shares of the company’s stock were exchanged, compared to its average volume of 27,310. Enstar Group has a fifty-two week low of $19.01 and a fifty-two week high of $26.12. The stock has a 50-day simple moving average of $20.43 and a two-hundred day simple moving average of $20.40.

Enstar Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Saturday, February 15th will be given a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 8.42%. The ex-dividend date 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.