Arch Capital Group Ltd. (NASDAQ:ACGLO – Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 64,808 shares, a growth of 89.4% from the July 15th total of 34,220 shares. Based on an average daily trading volume, of 31,723 shares, the short-interest ratio is presently 2.0 days.
Arch Capital Group Price Performance
Shares of NASDAQ ACGLO opened at $19.39 on Friday. The company’s 50-day moving average price is $19.27 and its 200 day moving average price is $20.00. Arch Capital Group has a 52 week low of $18.71 and a 52 week high of $22.20.
About Arch Capital Group
Arch Capital Group Ltd, through its operating subsidiaries, is a global provider of insurance, reinsurance, and mortgage insurance products. The company offers property and casualty insurance for commercial and personal lines, including solutions for professional liability, marine, and energy risks. In addition, Arch Capital is active in the mortgage insurance sector, providing primary mortgage guaranty and portfolio reinsurance for residential and commercial mortgages. It also participates in specialty programs, such as political violence, aviation, and cyber coverage.
Founded in 2001 and headquartered in Pembroke, Bermuda, Arch Capital Group has established a presence across North America, Europe, and the Asia-Pacific region.
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