QBE Insurance Group Limited (OTCMKTS:QBIEY) Short Interest Down 95.4% in August

QBE Insurance Group Limited (OTCMKTS:QBIEY) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 800 shares, a decrease of 95.4% from the August 15th total of 17,400 shares. Based on an average trading volume of 98,000 shares, the days-to-cover ratio is currently 0.0 days.

QBE Insurance Group Price Performance

OTCMKTS QBIEY traded up $0.14 during trading hours on Thursday, hitting $11.13. The company’s stock had a trading volume of 59,275 shares, compared to its average volume of 32,830. The company’s 50-day simple moving average is $11.09 and its two-hundred day simple moving average is $11.47. QBE Insurance Group has a 52 week low of $9.12 and a 52 week high of $12.79.

QBE Insurance Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, August 19th will be given a dividend of $0.1475 per share. This is an increase from QBE Insurance Group’s previous dividend of $0.03. The ex-dividend date of this dividend is Monday, August 19th. QBE Insurance Group’s dividend payout ratio is currently -95.86%.

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.