Short Interest in QBE Insurance Group Limited (OTCMKTS:QBIEY) Expands By 611.6%

QBE Insurance Group Limited (OTCMKTS:QBIEY) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 49,100 shares, a growth of 611.6% from the December 31st total of 6,900 shares. Based on an average daily trading volume, of 106,100 shares, the short-interest ratio is currently 0.5 days.

QBE Insurance Group Stock Performance

Shares of QBIEY traded up $0.32 during trading hours on Wednesday, hitting $13.14. 16,256 shares of the company were exchanged, compared to its average volume of 54,236. The firm has a fifty day simple moving average of $12.44 and a 200-day simple moving average of $11.69. QBE Insurance Group has a one year low of $10.10 and a one year high of $13.35.

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.