Enstar Group Limited (NASDAQ:ESGRP) Short Interest Up 76.4% in March

Enstar Group Limited (NASDAQ:ESGRP) was the recipient 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 daily volume of 35,100 shares, the short-interest ratio is currently 0.6 days.

Enstar Group Stock Performance

Shares of Enstar Group stock traded down $0.45 on Friday, hitting $19.64. 31,760 shares of the company’s stock traded hands, compared to its average volume of 67,876. The firm’s 50-day moving average is $20.77 and its 200 day moving average is $20.55. Enstar Group has a 52-week low of $18.52 and a 52-week high of $25.80.

Enstar Group Dividend Announcement

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 dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 8.91%. The ex-dividend date of this dividend was Friday, February 14th.

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.