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

Enstar Group Limited (NASDAQ:ESGRP) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 5,700 shares, a decline of 26.0% from the February 13th total of 7,700 shares. Based on an average daily trading volume, of 62,100 shares, the short-interest ratio is presently 0.1 days.

Enstar Group Price Performance

ESGRP traded up $0.18 during midday trading on Monday, hitting $21.54. 8,355 shares of the company traded hands, compared to its average volume of 35,463. The company’s 50-day moving average is $20.65 and its 200 day moving average is $20.39. Enstar Group has a 52 week low of $19.01 and a 52 week high of $26.09.

Enstar Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Saturday, February 15th were paid a dividend of $0.4375 per share. The ex-dividend date was Friday, February 14th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 8.13%.

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.