QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) Sees Significant Decrease in Short Interest

QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 3,470 shares, a decrease of 86.6% from the August 15th total of 25,813 shares. Based on an average daily volume of 174,658 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

QBE Insurance Group Stock Performance

QBIEY traded up $0.47 on Friday, reaching $16.16. 114,320 shares of the stock were exchanged, compared to its average volume of 91,879. QBE Insurance Group has a fifty-two week low of $12.46 and a fifty-two week high of $18.11. The company’s 50-day moving average price is $16.83 and its 200 day moving average price is $16.28.

Wall Street Analyst Weigh In

QBIEY has been the topic of several research analyst reports. Zacks Research upgraded QBE Insurance Group to a “hold” rating in a research note on Wednesday, August 19th. Jefferies Financial Group lowered QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, QBE Insurance Group currently has an average rating of “Hold”.

About QBE Insurance Group

QBE Insurance Group Limited is a global general insurance and reinsurance company headquartered in Sydney, Australia. The company provides insurance products and risk-management solutions for individuals, businesses and organizations, including commercial property, casualty, workers’ compensation, motor, marine, aviation and specialty insurance.

QBE also offers personal insurance products, such as home and motor coverage, as well as crop insurance and other solutions tailored to specific industries and markets.