Short Interest in QBE Insurance Group Limited (OTCMKTS:QBIEY) Declines By 27.5%

QBE Insurance Group Limited (OTCMKTS:QBIEY) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 26,900 shares, a decline of 27.5% from the February 28th total of 37,100 shares. Based on an average daily volume of 83,300 shares, the short-interest ratio is presently 0.3 days.

QBE Insurance Group Stock Performance

QBIEY stock traded down $0.35 during midday trading on Tuesday, hitting $13.99. The company’s stock had a trading volume of 19,103 shares, compared to its average volume of 40,161. The firm has a 50-day simple moving average of $13.26 and a 200-day simple moving average of $12.41. QBE Insurance Group has a 52-week low of $10.21 and a 52-week high of $14.53.

QBE Insurance Group Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.4003 per share. The ex-dividend date is Thursday, March 6th. This is a boost from QBE Insurance Group’s previous dividend of $0.15. QBE Insurance Group’s payout ratio is -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.