QBE Insurance Group Limited (OTCMKTS:QBIEY) Sees Large Drop in Short Interest

QBE Insurance Group Limited (OTCMKTS:QBIEY) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 6,900 shares, a decline of 92.2% from the November 30th total of 88,800 shares. Based on an average daily volume of 126,300 shares, the short-interest ratio is presently 0.1 days.

QBE Insurance Group Stock Performance

OTCMKTS:QBIEY traded down $0.18 during trading hours on Friday, hitting $12.08. The company’s stock had a trading volume of 36,794 shares, compared to its average volume of 37,861. The stock has a fifty day moving average of $12.23 and a 200-day moving average of $11.61. QBE Insurance Group has a 52-week low of $9.59 and a 52-week high of $13.35.

QBE Insurance Group Company Profile

QBE Insurance Group Limited engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally. It offers range of commercial, personal, and specialty products, such as commercial and domestic property, agriculture, public/product liability, motor and motor casualty, professional indemnity, workers' compensation, accident, health, financial and credit, and other insurance products, as well as marine, energy and aviation insurance products, and risk management solutions.