Enstar Group Limited (NASDAQ:ESGRO) Short Interest Down 42.8% in March

Enstar Group Limited (NASDAQ:ESGRO) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 8,300 shares, a decline of 42.8% from the February 28th total of 14,500 shares. Based on an average daily trading volume, of 15,700 shares, the days-to-cover ratio is currently 0.5 days.

Enstar Group Trading Up 0.4 %

ESGRO stock traded up $0.09 during midday trading on Friday, reaching $20.46. 5,978 shares of the stock were exchanged, compared to its average volume of 19,901. Enstar Group has a 52 week low of $18.59 and a 52 week high of $25.23. The company has a fifty day moving average price of $20.43 and a 200 day moving average price of $20.41.

Enstar Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Saturday, February 15th were issued a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 8.55%. The ex-dividend date of this dividend was Friday, February 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.