QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) Sees Significant Decrease in Short Interest

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

Analyst Ratings Changes

Several research firms have weighed in on QBIEY. Jefferies Financial Group lowered QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 15th. Zacks Research raised shares of QBE Insurance Group to a “hold” rating in a research note on Wednesday, August 19th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, QBE Insurance Group presently has an average rating of “Hold”.

QBE Insurance Group Stock Down 0.3%

QBIEY stock opened at $15.69 on Friday. The business has a 50-day moving average of $16.86 and a 200-day moving average of $16.28. QBE Insurance Group has a fifty-two week low of $12.46 and a fifty-two week high of $18.11.

About QBE Insurance Group

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.