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

QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) was the target of a significant growth in short interest during 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 company’s shares are short sold. Based on an average daily volume of 157,822 shares, the days-to-cover ratio is currently 0.5 days.

QBE Insurance Group Price Performance

Shares of QBIEY traded up $0.44 during mid-day trading on Friday, hitting $17.46. 50,878 shares of the company’s stock were exchanged, 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 company has a 50-day simple moving average of $16.36 and a 200 day simple moving average of $16.48.

Analyst Upgrades and Downgrades

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