QBE Insurance Group Limited (OTCMKTS:QBIEY) Short Interest Up 27.8% in March

QBE Insurance Group Limited (OTCMKTS:QBIEY) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 11,500 shares, a growth of 27.8% from the March 15th total of 9,000 shares. Based on an average daily volume of 12,100 shares, the days-to-cover ratio is presently 1.0 days.

QBE Insurance Group Price Performance

Shares of OTCMKTS QBIEY opened at $11.48 on Monday. The stock’s 50-day moving average is $11.33 and its 200 day moving average is $10.44. QBE Insurance Group has a 1-year low of $9.00 and a 1-year high of $12.23.

QBE Insurance Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 19th. Shareholders of record on Thursday, March 7th will be paid a dividend of $0.0314 per share. This represents a dividend yield of 3.43%. The ex-dividend date is Wednesday, March 6th. QBE Insurance Group’s dividend payout ratio (DPR) is presently -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.