Selective Insurance Group, Inc. (NASDAQ:SIGIP) Shares Shorted: Short Interest Up 627.4% in September

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 2,524 shares, a growth of 627.4% from the September 15th total of 347 shares. Based on an average trading volume of 13,073 shares, the days-to-cover ratio is currently 0.2 days.

Selective Insurance Group Price Performance

Shares of NASDAQ:SIGIP opened at $15.00 on Friday. Selective Insurance Group has a 12 month low of $14.75 and a 12 month high of $18.06. The stock’s 50 day moving average price is $15.47 and its 200 day moving average price is $15.92.

Selective Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.15 annualized dividend and a yield of 7.7%.

About Selective Insurance Group

Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. Founded in 1926, the company provides property and casualty insurance through a network of independent agents and operates through a group of insurance subsidiaries.

Selective’s principal business is commercial insurance, including coverage for businesses, contractors, public entities and other organizations. Its products generally include commercial auto, general liability, commercial property, workers’ compensation and umbrella coverage.