Short Interest in QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) Expands By 209.1%

QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 3,400 shares, an increase of 209.1% from the August 31st total of 1,100 shares. Based on an average daily trading volume, of 81,600 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 81,600 shares, the days-to-cover ratio is currently 0.0 days.

QBE Insurance Group Price Performance

QBE Insurance Group stock opened at $13.90 on Friday. QBE Insurance Group has a fifty-two week low of $10.72 and a fifty-two week high of $15.88. The stock has a fifty day moving average of $13.96 and a two-hundred day moving average of $14.26.

QBE Insurance Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, October 3rd. Stockholders of record on Thursday, August 21st were issued a dividend of $0.0505 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a dividend yield of 417.0%. QBE Insurance Group’s payout ratio is -123.00%.

QBE Insurance Group Company Profile

QBE Insurance Group Limited engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally. It offers range of commercial, personal, and specialty products, such as commercial and domestic property, agriculture, public/product liability, motor and motor casualty, professional indemnity, workers' compensation, accident, health, financial and credit, and other insurance products, as well as marine, energy and aviation insurance products, and risk management solutions.