Short Interest in Enstar Group Limited (NASDAQ:ESGRP) Increases By 78.6%

Enstar Group Limited (NASDAQ:ESGRP) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 55,900 shares, a growth of 78.6% from the December 15th total of 31,300 shares. Based on an average daily volume of 70,300 shares, the days-to-cover ratio is currently 0.8 days.

Enstar Group Trading Down 0.8 %

Shares of Enstar Group stock opened at $20.12 on Friday. Enstar Group has a twelve month low of $19.01 and a twelve month high of $26.12. The company has a 50-day simple moving average of $20.38 and a two-hundred day simple moving average of $21.07.

Enstar Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Friday, November 15th were given a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 8.70%. The ex-dividend date of this dividend was Friday, November 15th.

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.