QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 25,813 shares, a decrease of 69.6% from the July 30th total of 84,947 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 90,615 shares, the short-interest ratio is presently 0.3 days.
QBE Insurance Group Trading Down 0.8%
OTCMKTS QBIEY traded down $0.13 on Thursday, hitting $15.71. 51,605 shares of the stock were exchanged, compared to its average volume of 74,460. QBE Insurance Group has a fifty-two week low of $12.46 and a fifty-two week high of $18.11. The company has a 50-day moving average price of $17.13 and a 200-day moving average price of $16.15.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Zacks Research upgraded shares of QBE Insurance Group to a “hold” rating in a report on Wednesday, August 19th. Jefferies Financial Group downgraded shares of QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
QBE Insurance Group Company Profile
QBE Insurance Group Ltd is an Australian-based multinational insurer that provides a broad range of general insurance and reinsurance products. Headquartered in Sydney, the company operates through two core divisions—General Insurance and Reinsurance—serving retail, commercial and specialty customers across diverse industries. QBE’s offerings encompass property and casualty coverage as well as risk management solutions designed to meet the needs of individuals, small-to-medium enterprises and large corporations.
Founded in 1886 as North Queensland Insurance Co, the business adopted the QBE name in 1973 following a series of mergers with Bankers and Traders Insurance Co and Equitable Fire & General Insurance Co Over more than a century of operations, the firm has expanded its footprint to more than 27 countries, with significant market presence in Australia, North America, Europe, Asia and Latin America.
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