Selective Insurance Group, Inc. (NASDAQ:SIGIP) Shares Shorted: Short Interest Up 627.4% in September

Selective Insurance Group, Inc. (NASDAQ:SIGIP) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 2,524 shares, an increase of 627.4% from the September 15th total of 347 shares. Based on an average daily trading volume, of 13,073 shares, the short-interest ratio is presently 0.2 days.

Selective Insurance Group Price Performance

Shares of SIGIP stock traded up $0.00 during trading hours on Friday, hitting $15.00. The stock had a trading volume of 14,396 shares, compared to its average volume of 14,709. Selective Insurance Group has a twelve month low of $14.75 and a twelve month high of $18.06. The stock’s 50 day moving average is $15.47 and its 200 day moving average is $15.91.

Selective Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend was Monday, August 31st.

About Selective Insurance Group

Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. Founded in 1926, the company provides property and casualty insurance through a network of independent agents and operates through a group of insurance subsidiaries.

Selective’s principal business is commercial insurance, including coverage for businesses, contractors, public entities and other organizations. Its products generally include commercial auto, general liability, commercial property, workers’ compensation and umbrella coverage.