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

QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 121,677 shares, a growth of 77.5% from the June 15th total of 68,546 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 187,891 shares, the short-interest ratio is currently 0.6 days.

Analyst Ratings Changes

Separately, Jefferies Financial Group downgraded QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

QBE Insurance Group Price Performance

Shares of OTCMKTS QBIEY opened at $17.50 on Friday. The company’s fifty day moving average price is $16.89 and its 200 day moving average price is $15.46. QBE Insurance Group has a 1 year low of $12.46 and a 1 year high of $18.11.

QBE Insurance Group Company Profile

QBE Insurance Group Ltd is an Australian-based multinational insurer that provides a broad range of general insurance and reinsurance products. Headquartered in Sydney, the company operates through two core divisions—General Insurance and Reinsurance—serving retail, commercial and specialty customers across diverse industries. QBE’s offerings encompass property and casualty coverage as well as risk management solutions designed to meet the needs of individuals, small-to-medium enterprises and large corporations.

Founded in 1886 as North Queensland Insurance Co, the business adopted the QBE name in 1973 following a series of mergers with Bankers and Traders Insurance Co and Equitable Fire & General Insurance Co Over more than a century of operations, the firm has expanded its footprint to more than 27 countries, with significant market presence in Australia, North America, Europe, Asia and Latin America.