Short Interest in QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) Decreases By 69.6%

QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) saw a significant decrease in short interest during 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. Based on an average daily volume of 90,615 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

QBE Insurance Group Stock Down 0.3%

QBIEY opened at $15.64 on Friday. 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 fifty day moving average of $17.08 and a two-hundred day moving average of $16.15.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Jefferies Financial Group downgraded QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Zacks Research raised QBE Insurance Group to a “hold” rating in a report on Wednesday, August 19th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About QBE Insurance Group

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.