Enstar Group Limited (NASDAQ:ESGRP) Short Interest Up 314.3% in June

Enstar Group Limited (NASDAQ:ESGRP) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 23,200 shares, an increase of 314.3% from the May 31st total of 5,600 shares. Based on an average daily trading volume, of 20,100 shares, the days-to-cover ratio is currently 1.2 days.

Enstar Group Price Performance

Shares of ESGRP stock traded down $0.13 during trading hours on Friday, hitting $25.05. 30,294 shares of the company’s stock traded hands, compared to its average volume of 19,983. The stock’s 50 day simple moving average is $25.17 and its 200 day simple moving average is $25.28. Enstar Group has a 12 month low of $22.01 and a 12 month high of $26.12.

Enstar Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were given a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 6.99%. The ex-dividend date of this dividend was Tuesday, May 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.