Enstar Group Ltd. (NASDAQ:ESGR) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 223,500 shares, an increase of 7.5% from the September 30th total of 208,000 shares. Based on an average daily volume of 56,500 shares, the days-to-cover ratio is currently 4.0 days. Currently, 1.5% of the company’s stock are short sold.

Shares of NASDAQ ESGR traded down $0.99 during midday trading on Friday, reaching $202.27. 21,900 shares of the company’s stock were exchanged, compared to its average volume of 39,231. The stock has a market capitalization of $4.37 billion, a PE ratio of 26.50 and a beta of 0.70. The business’s fifty day moving average price is $193.95 and its two-hundred day moving average price is $180.43. Enstar Group has a 52-week low of $150.32 and a 52-week high of $206.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.03 and a current ratio of 1.03.

Several large investors have recently bought and sold shares of ESGR. Wells Fargo & Company MN boosted its position in shares of Enstar Group by 637.1% during the second quarter. Wells Fargo & Company MN now owns 208,722 shares of the insurance provider’s stock worth $36,375,000 after buying an additional 180,404 shares during the period. Southside Capital LLC acquired a new position in shares of Enstar Group during the second quarter worth approximately $13,332,000. Vanguard Group Inc. boosted its position in shares of Enstar Group by 7.6% during the second quarter. Vanguard Group Inc. now owns 1,058,809 shares of the insurance provider’s stock worth $184,529,000 after buying an additional 75,108 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of Enstar Group during the second quarter worth approximately $8,057,000. Finally, Marshall Wace LLP boosted its position in shares of Enstar Group by 610.9% during the second quarter. Marshall Wace LLP now owns 30,207 shares of the insurance provider’s stock worth $5,264,000 after buying an additional 25,958 shares during the period. 69.67% of the stock is owned by institutional investors.

A number of brokerages have commented on ESGR. ValuEngine cut Enstar Group from a “hold” rating to a “sell” rating in a research note on Thursday. BidaskClub cut Enstar Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

About Enstar Group

Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off. It operates in three segments: Non-Life Run-Off, Atrium, and StarStone. The Non-Life Run-Off segment engages in the running off property and casualty, and other non-life lines of businesses.

Further Reading: Dividend Reinvestment Plan (DRIP)

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