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

QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 121,677 shares, an increase of 77.5% from the June 15th total of 68,546 shares. Based on an average daily trading volume, of 187,891 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Jefferies Financial Group downgraded QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, QBE Insurance Group currently has an average rating of “Hold”.

QBE Insurance Group Stock Performance

QBIEY opened at $17.34 on Friday. The firm has a 50-day moving average of $16.87 and a 200 day moving average of $15.45. 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 Ltd is an Australian-based multinational insurer that provides a broad range of general insurance and reinsurance products. Headquartered in Sydney, the company operates through two core divisions—General Insurance and Reinsurance—serving retail, commercial and specialty customers across diverse industries. QBE’s offerings encompass property and casualty coverage as well as risk management solutions designed to meet the needs of individuals, small-to-medium enterprises and large corporations.

Founded in 1886 as North Queensland Insurance Co, the business adopted the QBE name in 1973 following a series of mergers with Bankers and Traders Insurance Co and Equitable Fire & General Insurance Co Over more than a century of operations, the firm has expanded its footprint to more than 27 countries, with significant market presence in Australia, North America, Europe, Asia and Latin America.