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

Enstar Group Limited (NASDAQ:ESGRP) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 8,700 shares, a drop of 55.2% from the March 31st total of 19,400 shares. Based on an average trading volume of 31,400 shares, the days-to-cover ratio is currently 0.3 days.

Enstar Group Stock Down 0.7 %

Shares of ESGRP stock traded down $0.16 on Monday, hitting $20.77. The company’s stock had a trading volume of 1,058 shares, compared to its average volume of 32,345. Enstar Group has a fifty-two week low of $18.52 and a fifty-two week high of $25.80. The firm’s fifty day moving average price is $20.71 and its 200-day moving average price is $20.59.

Enstar Group Announces Dividend

The business also recently declared 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. The ex-dividend date was Friday, February 14th. This represents a $1.75 annualized dividend and a yield of 8.43%.

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.