QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) Short Interest Update

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

QBE Insurance Group Stock Down 0.3%

OTCMKTS QBIEY opened at $15.69 on Friday. The firm’s fifty day moving average price is $16.86 and its two-hundred day moving average price is $16.28. QBE Insurance Group has a 1 year low of $12.46 and a 1 year high of $18.11.

Analyst Ratings Changes

Several equities research analysts have commented on QBIEY shares. Zacks Research raised shares of QBE Insurance Group to a “hold” rating in a research report on Wednesday, August 19th. Jefferies Financial Group cut QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

QBE Insurance Group Company Profile

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.