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

Enstar Group Limited (NASDAQ:ESGRP) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 19,400 shares, a growth of 76.4% from the March 15th total of 11,000 shares. Based on an average trading volume of 35,100 shares, the short-interest ratio is currently 0.6 days.

Enstar Group Trading Down 2.2 %

NASDAQ:ESGRP traded down $0.45 during mid-day trading on Friday, hitting $19.64. The stock had a trading volume of 31,760 shares, compared to its average volume of 67,876. Enstar Group has a 52 week low of $18.52 and a 52 week high of $25.80. The company has a 50 day simple moving average of $20.77 and a 200-day simple moving average of $20.55.

Enstar Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Saturday, February 15th were issued a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 8.91%. 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.