Short Interest in QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) Declines By 86.6%

QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 3,470 shares, a decline of 86.6% from the August 15th total of 25,813 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 174,658 shares, the days-to-cover ratio is currently 0.0 days.

QBE Insurance Group Stock Performance

QBIEY opened at $16.16 on Friday. The stock’s fifty day moving average is $16.83 and its two-hundred day moving average is $16.28. QBE Insurance Group has a 52 week low of $12.46 and a 52 week high of $18.11.

Wall Street Analysts Forecast Growth

Several research firms recently commented on QBIEY. 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. Zacks Research raised shares of QBE Insurance Group to a “hold” rating in a research report on Wednesday, August 19th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

QBE Insurance Group Company Profile

QBE Insurance Group Limited is a global general insurance and reinsurance company headquartered in Sydney, Australia. The company provides insurance products and risk-management solutions for individuals, businesses and organizations, including commercial property, casualty, workers’ compensation, motor, marine, aviation and specialty insurance.

QBE also offers personal insurance products, such as home and motor coverage, as well as crop insurance and other solutions tailored to specific industries and markets.