Short Interest in Enstar Group Limited (NASDAQ:ESGRO) Declines By 42.8%

Enstar Group Limited (NASDAQ:ESGRO) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 8,300 shares, a decrease of 42.8% from the February 28th total of 14,500 shares. Based on an average trading volume of 15,700 shares, the short-interest ratio is presently 0.5 days.

Enstar Group Stock Up 0.4 %

Shares of ESGRO traded up $0.09 during mid-day trading on Friday, hitting $20.46. 5,978 shares of the company’s stock were exchanged, compared to its average volume of 19,901. The stock’s 50-day simple moving average is $20.43 and its 200-day simple moving average is $20.41. Enstar Group has a 52 week low of $18.59 and a 52 week high of $25.23.

Enstar Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Saturday, February 15th were issued a $0.4375 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.75 annualized dividend and a yield of 8.55%.

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.