QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) Stock Short Interest Report for September

QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY – Get Free Report) was the recipient of a significant growth in short interest in the month of 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 157,822 shares, the short-interest ratio is presently 0.5 days.

Analysts Set New Price Targets

Several brokerages have recently issued reports on QBIEY. Jefferies Financial Group cut QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Zacks Research raised QBE Insurance Group to a “hold” rating in a research note on Wednesday, August 19th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, QBE Insurance Group presently has a consensus rating of “Hold”.

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QBE Insurance Group Price Performance

Shares of OTCMKTS QBIEY traded up $0.44 during trading on Friday, hitting $17.46. The company had a trading volume of 50,878 shares, compared to its average volume of 85,203. QBE Insurance Group has a 52 week low of $12.46 and a 52 week high of $18.11. The business’s 50-day moving average is $16.36 and its 200 day moving average is $16.48.

About QBE Insurance Group

(Get Free Report)

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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