Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Free Report) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 91,957 shares, a growth of 133.4% from the January 15th total of 39,403 shares. Based on an average daily volume of 53,474 shares, the short-interest ratio is presently 1.7 days. Based on an average daily volume of 53,474 shares, the short-interest ratio is presently 1.7 days.
Arch Capital Group Stock Performance
ACGLN stock opened at $17.51 on Thursday. The firm’s 50-day moving average is $17.24 and its two-hundred day moving average is $17.52. Arch Capital Group has a 52 week low of $16.44 and a 52 week high of $19.16.
About Arch Capital Group
Arch Capital Group Ltd is a Bermuda-based financial services company that provides insurance, reinsurance and mortgage insurance products through its subsidiaries. The company underwrites a broad array of property and casualty insurance, specialty insurance, and reinsurance business, designing customized solutions for clients across commercial, personal and specialty markets. Arch’s offerings include commercial casualty and property, directors and officers liability, professional liability, surety, and mortgage insurance products.
In its reinsurance segment, Arch writes treaty and facultative business lines, encompassing property catastrophe, casualty and specialty risks.
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