QBE Insurance Group Limited (OTCMKTS:QBIEY) Sees Large Decline in Short Interest

QBE Insurance Group Limited (OTCMKTS:QBIEY) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 23,100 shares, a decrease of 29.4% from the June 30th total of 32,700 shares. Based on an average daily volume of 53,800 shares, the short-interest ratio is presently 0.4 days.

QBE Insurance Group Stock Performance

Shares of QBIEY traded up $0.08 during mid-day trading on Monday, reaching $11.43. The company’s stock had a trading volume of 353,171 shares, compared to its average volume of 24,359. QBE Insurance Group has a 1-year low of $9.00 and a 1-year high of $12.79. The business has a 50-day simple moving average of $11.76 and a two-hundred day simple moving average of $11.39.

About QBE Insurance Group

QBE Insurance Group Limited engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally. It offers range of commercial, personal, and specialty products, such as commercial and domestic property, agriculture, public/product liability, motor and motor casualty, professional indemnity, workers' compensation, accident, health, financial and credit, and other insurance products, as well as marine, energy and aviation insurance products, and risk management solutions.