White Mountains Insurance Group Ltd (NYSE:WTM) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 30,600 shares, a drop of 25.9% from the September 30th total of 41,300 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 19,900 shares, the short-interest ratio is currently 1.5 days.
Separately, ValuEngine downgraded shares of White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.
Shares of WTM traded up $4.70 during midday trading on Wednesday, reaching $1,101.50. The stock had a trading volume of 120 shares, compared to its average volume of 15,251. The firm has a 50 day simple moving average of $1,078.82 and a 200-day simple moving average of $1,040.22. White Mountains Insurance Group has a one year low of $832.88 and a one year high of $1,104.14. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.37 and a current ratio of 1.37.
White Mountains Insurance Group Company Profile
White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurances services in the United States. The company operates through four segments: HG Global/BAM, NSM, MediaAlpha and Other Operations. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services.
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