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

QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 25,813 shares, a drop of 69.6% from the July 30th total of 84,947 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 90,615 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on QBIEY. Jefferies Financial Group cut shares of QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Zacks Research raised QBE Insurance Group to a “hold” rating in a research note on Wednesday, August 19th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

QBE Insurance Group Stock Down 0.8%

Shares of OTCMKTS:QBIEY traded down $0.13 during midday trading on Thursday, reaching $15.71. 51,605 shares of the company’s stock were exchanged, compared to its average volume of 74,460. QBE Insurance Group has a fifty-two week low of $12.46 and a fifty-two week high of $18.11. The firm’s 50 day simple moving average is $17.13 and its two-hundred day simple moving average is $16.15.

QBE Insurance Group Company Profile

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.