Short Interest in Enstar Group Limited (NASDAQ:ESGRP) Grows By 135.3%

Enstar Group Limited (NASDAQ:ESGRP) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 12,000 shares, a growth of 135.3% from the October 15th total of 5,100 shares. Based on an average daily trading volume, of 109,500 shares, the days-to-cover ratio is presently 0.1 days.

Enstar Group Stock Down 0.1 %

ESGRP stock traded down $0.02 on Wednesday, hitting $21.18. The company’s stock had a trading volume of 10,399 shares, compared to its average volume of 60,302. Enstar Group has a 1 year low of $19.01 and a 1 year high of $26.12. The firm has a 50 day moving average of $20.26 and a two-hundred day moving average of $22.61.

Enstar Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be given a $0.4375 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.75 dividend on an annualized basis and a yield of 8.26%.

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.