QBE Insurance Group Limited - Sponsored ADR (OTCMKTS:QBIEY) Short Interest Update
QBE Insurance Group Limited (OTCMKTS:QBIEY) experienced a significant increase in short interest in September, rising 458.8% to 19,000 shares as of September 30th. The days-to-cover ratio is currently 0.2 days based on an average daily volume of 108,300 shares. The stock opened at $13.92, with a market cap of $21.02 billion and a P/E ratio of -45.06. Recently, the company paid a dividend of $0.0505, yielding 417.0%, despite a negative dividend payout ratio of -123.00%.
QBE Insurance Group Limited - Sponsored ADR (OTCMKTS:QBIEY - Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 19,000 shares, a growth of 458.8% from the September 15th total of 3,400 shares. Based on an average daily trading volume, of 108,300 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 108,300 shares, the short-interest ratio is presently 0.2 days.
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QBE Insurance Group Stock Performance
OTCMKTS:QBIEY opened at $13.92 on Friday. The stock has a market capitalization of $21.02 billion and a P/E ratio of -45.06. The company's 50-day simple moving average is $13.80 and its 200-day simple moving average is $14.26. QBE Insurance Group has a fifty-two week low of $11.05 and a fifty-two week high of $15.88.
QBE Insurance Group Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, October 3rd. Investors of record on Thursday, August 21st were given a $0.0505 dividend. This represents a dividend yield of 417.0%. The ex-dividend date of this dividend was Wednesday, August 20th. QBE Insurance Group's dividend payout ratio (DPR) is presently -123.00%.
About QBE Insurance Group
(Get Free Report)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.
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