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

Enstar Group Limited (NASDAQ:ESGRP) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 41,100 shares, an increase of 17.4% from the March 15th total of 35,000 shares. Based on an average daily trading volume, of 20,900 shares, the short-interest ratio is currently 2.0 days.

Enstar Group Trading Down 1.8 %

Shares of NASDAQ ESGRP opened at $25.03 on Tuesday. The stock has a 50 day simple moving average of $25.47 and a 200-day simple moving average of $24.89. Enstar Group has a 12-month low of $21.20 and a 12-month high of $26.12.

Enstar Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were given a dividend of $0.4375 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.75 annualized dividend and a dividend yield of 6.99%.

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.