Arch Capital Group Ltd. (NASDAQ:ACGLO) Short Interest Up 89.4% in July

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 64,808 shares, an increase of 89.4% from the July 15th total of 34,220 shares. Based on an average daily trading volume, of 31,723 shares, the short-interest ratio is currently 2.0 days.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGLO opened at $19.39 on Monday. The stock’s fifty day simple moving average is $19.27 and its two-hundred day simple moving average is $19.99. Arch Capital Group has a 1-year low of $18.71 and a 1-year high of $22.20.

Arch Capital Group Company Profile

Arch Capital Group Ltd, through its operating subsidiaries, is a global provider of insurance, reinsurance, and mortgage insurance products. The company offers property and casualty insurance for commercial and personal lines, including solutions for professional liability, marine, and energy risks. In addition, Arch Capital is active in the mortgage insurance sector, providing primary mortgage guaranty and portfolio reinsurance for residential and commercial mortgages. It also participates in specialty programs, such as political violence, aviation, and cyber coverage.

Founded in 2001 and headquartered in Pembroke, Bermuda, Arch Capital Group has established a presence across North America, Europe, and the Asia-Pacific region.