Hiscox Ltd (OTCMKTS:HCXLF) Sees Large Growth in Short Interest

Hiscox Ltd (OTCMKTS:HCXLF) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 32,600 shares, an increase of 24.9% from the April 30th total of 26,100 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 326.0 days.

Hiscox Stock Performance

Shares of OTCMKTS HCXLF remained flat at $16.94 during trading hours on Tuesday. The stock had a trading volume of 50 shares, compared to its average volume of 3,139. The firm’s 50 day moving average is $15.24 and its 200 day moving average is $14.30. Hiscox has a 52-week low of $13.00 and a 52-week high of $17.00.

Hiscox Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, June 9th. Stockholders of record on Friday, April 25th will be given a dividend of $0.299 per share. The ex-dividend date is Thursday, April 24th. Hiscox’s dividend payout ratio is currently 12.25%.

About Hiscox

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It offers commercial insurance for small-and medium-sized businesses; and personal lines cover, including high-value household, fine art, and luxury motor, as well as artwork, antiques, classic cars, jewelry, collectables, and other assets through brokers, partners, and direct-to-consumers.