Arch Capital Group Ltd. (NASDAQ:ACGLN) Sees Significant Increase in Short Interest

Arch Capital Group Ltd. (NASDAQ:ACGLN) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 39,403 shares, a growth of 377.6% from the December 31st total of 8,251 shares. Based on an average daily trading volume, of 50,554 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 50,554 shares, the short-interest ratio is currently 0.8 days.

Arch Capital Group Stock Up 0.3%

Shares of Arch Capital Group stock opened at $17.87 on Friday. Arch Capital Group has a 12 month low of $16.44 and a 12 month high of $19.16. The stock’s fifty day simple moving average is $17.16 and its 200 day simple moving average is $17.47.

Arch Capital Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.2844 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.4%.

About Arch Capital Group

Arch Capital Group Ltd is a Bermuda-based financial services company that provides insurance, reinsurance and mortgage insurance products through its subsidiaries. The company underwrites a broad array of property and casualty insurance, specialty insurance, and reinsurance business, designing customized solutions for clients across commercial, personal and specialty markets. Arch’s offerings include commercial casualty and property, directors and officers liability, professional liability, surety, and mortgage insurance products.

In its reinsurance segment, Arch writes treaty and facultative business lines, encompassing property catastrophe, casualty and specialty risks.