QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 78,876 shares, a growth of 579.1% from the September 15th total of 11,614 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 157,822 shares, the short-interest ratio is currently 0.5 days.
QBE Insurance Group Stock Performance
QBE Insurance Group stock traded up $0.44 during midday trading on Friday, reaching $17.46. The stock had a trading volume of 50,878 shares, compared to its average volume of 85,203. The company has a fifty day moving average price of $16.36 and a two-hundred day moving average price of $16.48. QBE Insurance Group has a 12 month low of $12.46 and a 12 month high of $18.11.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on QBIEY shares. Jefferies Financial Group lowered shares of QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Zacks Research upgraded shares of QBE Insurance Group to a “hold” rating in a report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, QBE Insurance Group has a consensus rating of “Hold”.
QBE Insurance Group Company Profile
QBE Insurance Group Limited is an Australia-based international insurance company that provides general insurance and reinsurance products to individuals, businesses, and organizations. Its offerings include commercial property and casualty insurance, workers’ compensation, motor and home insurance, marine coverage, crop insurance, and specialty lines such as professional liability and travel insurance.
QBE serves customers through operations in Australia and New Zealand, North America, the United Kingdom, Europe, and other international markets.
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