QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) Shares Shorted: Short Interest Up 234.7% in September

QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 11,614 shares, a growth of 234.7% from the August 31st total of 3,470 shares. Based on an average daily volume of 172,760 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on QBIEY shares. Zacks Research upgraded QBE Insurance Group to a “hold” rating in a research note on Wednesday, August 19th. Jefferies Financial Group lowered QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, QBE Insurance Group currently has a consensus rating of “Hold”.

QBE Insurance Group Price Performance

Shares of OTCMKTS QBIEY traded up $0.04 during midday trading on Friday, reaching $16.11. 60,290 shares of the stock were exchanged, compared to its average volume of 84,172. The firm has a 50-day simple moving average of $16.57 and a two-hundred day simple moving average of $16.34. QBE Insurance Group has a twelve month low of $12.46 and a twelve month high of $18.11.

About QBE Insurance Group

QBE Insurance Group Limited is a global general insurance and reinsurance company headquartered in Sydney, Australia. The company provides insurance products and risk-management solutions for individuals, businesses and organizations, including commercial property, casualty, workers’ compensation, motor, marine, aviation and specialty insurance.

QBE also offers personal insurance products, such as home and motor coverage, as well as crop insurance and other solutions tailored to specific industries and markets.