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

Enstar Group Limited (NASDAQ:ESGRO) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 14,000 shares, a growth of 150.0% from the May 31st total of 5,600 shares. Based on an average trading volume of 11,000 shares, the short-interest ratio is currently 1.3 days.

Enstar Group Trading Down 0.9 %

Shares of ESGRO stock opened at $24.45 on Friday. The business’s 50 day simple moving average is $24.41 and its 200 day simple moving average is $24.66. Enstar Group has a one year low of $21.78 and a one year high of $25.47.

Enstar Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 7.16%. The ex-dividend date was Tuesday, May 14th.

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.