QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY – Get Free Report) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 11,614 shares, an increase of 234.7% from the August 31st total of 3,470 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 172,760 shares, the days-to-cover ratio is presently 0.1 days.
QBE Insurance Group Stock Up 0.2%
Shares of QBIEY stock traded up $0.04 during trading on Friday, reaching $16.11. 60,290 shares of the company’s stock were exchanged, compared to its average volume of 84,172. QBE Insurance Group has a twelve month low of $12.46 and a twelve month high of $18.11. The firm’s fifty day moving average price is $16.57 and its 200-day moving average price is $16.34.
Analyst Upgrades and Downgrades
QBIEY has been the topic of a number of recent analyst reports. Jefferies Financial Group downgraded shares of QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 15th. Zacks Research upgraded shares of QBE Insurance Group to a “hold” rating in a research note on Wednesday, August 19th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.
QBE Insurance Group Company Profile
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.
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