Enstar Group Limited (NASDAQ:ESGRO) Sees Significant Drop in Short Interest

Enstar Group Limited (NASDAQ:ESGRO) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 3,100 shares, a decrease of 6.1% from the October 31st total of 3,300 shares. Based on an average daily volume of 21,800 shares, the short-interest ratio is presently 0.1 days.

Enstar Group Stock Up 0.2 %

NASDAQ:ESGRO traded up $0.05 during trading on Tuesday, reaching $20.47. The company’s stock had a trading volume of 3,221 shares, compared to its average volume of 17,352. The firm has a 50 day moving average of $20.56 and a 200-day moving average of $22.04. Enstar Group has a 12 month low of $18.59 and a 12 month high of $25.47.

Enstar Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Friday, November 15th were given a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 8.55%. The ex-dividend date was Friday, November 15th.

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.