QBE Insurance Group Limited (OTCMKTS:QBIEY) Short Interest Up 27.8% in March

QBE Insurance Group Limited (OTCMKTS:QBIEY) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 11,500 shares, an increase of 27.8% from the March 15th total of 9,000 shares. Based on an average trading volume of 12,100 shares, the days-to-cover ratio is currently 1.0 days.

QBE Insurance Group Stock Performance

Shares of QBIEY opened at $11.48 on Monday. The company has a 50 day moving average of $11.33 and a two-hundred day moving average of $10.44. QBE Insurance Group has a twelve month low of $9.00 and a twelve month high of $12.23.

QBE Insurance Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, April 19th. Shareholders of record on Thursday, March 7th will be paid a dividend of $0.0314 per share. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a yield of 3.43%. QBE Insurance Group’s payout ratio is presently -95.86%.

About QBE Insurance Group

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.