QBE Insurance Group Limited (OTCMKTS:QBIEY) Sees Large Decline in Short Interest

QBE Insurance Group Limited (OTCMKTS:QBIEY) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 23,100 shares, a decline of 29.4% from the June 30th total of 32,700 shares. Based on an average daily trading volume, of 53,800 shares, the days-to-cover ratio is currently 0.4 days.

QBE Insurance Group Stock Up 0.7 %

Shares of QBE Insurance Group stock traded up $0.08 during trading on Monday, hitting $11.43. 353,171 shares of the stock traded hands, compared to its average volume of 24,359. QBE Insurance Group has a twelve month low of $9.00 and a twelve month high of $12.79. The company has a fifty day moving average price of $11.76 and a two-hundred day moving average price of $11.39.

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.