Enstar Group Limited (NASDAQ:ESGRO) Sees Large Decline in Short Interest

Enstar Group Limited (NASDAQ:ESGRO) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 14,900 shares, a drop of 15.8% from the January 31st total of 17,700 shares. Based on an average daily trading volume, of 19,600 shares, the days-to-cover ratio is currently 0.8 days.

Enstar Group Stock Performance

NASDAQ ESGRO opened at $20.34 on Friday. Enstar Group has a 52 week low of $18.59 and a 52 week high of $25.28. The stock’s 50 day moving average price is $20.35 and its two-hundred day moving average price is $20.41.

Enstar Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Saturday, February 15th were given a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 8.60%. 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.