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

Enstar Group Limited (NASDAQ:ESGRP) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 16,000 shares, a decrease of 13.5% from the January 15th total of 18,500 shares. Based on an average daily volume of 56,100 shares, the days-to-cover ratio is currently 0.3 days.

Enstar Group Stock Down 1.0 %

ESGRP traded down $0.22 on Friday, hitting $20.78. 32,312 shares of the company traded hands, compared to its average volume of 27,310. The company has a 50 day moving average of $20.43 and a 200-day moving average of $20.40. Enstar Group has a 12-month low of $19.01 and a 12-month high of $26.12.

Enstar Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Saturday, February 15th will be paid a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 8.42%. The ex-dividend date is 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.