QBE Insurance Group Limited (OTCMKTS:QBIEY) Short Interest Down 28.5% in February

QBE Insurance Group Limited (OTCMKTS:QBIEY) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 18,800 shares, a decline of 28.5% from the January 31st total of 26,300 shares. Based on an average daily volume of 106,500 shares, the days-to-cover ratio is presently 0.2 days.

QBE Insurance Group Stock Performance

Shares of QBE Insurance Group stock traded up $0.15 during midday trading on Wednesday, hitting $13.70. The company had a trading volume of 27,015 shares, compared to its average volume of 44,997. The company has a 50 day moving average of $12.74 and a 200 day moving average of $12.05. QBE Insurance Group has a 52-week low of $10.21 and a 52-week high of $14.44.

QBE Insurance Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.4003 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from QBE Insurance Group’s previous dividend of $0.15. QBE Insurance Group’s dividend payout ratio (DPR) is presently -95.86%.

QBE Insurance Group Company Profile

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.