Arch Capital Group Ltd. (NASDAQ:ACGLO) Sees Significant Increase in Short Interest

Arch Capital Group Ltd. (NASDAQ:ACGLO) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 21,400 shares, an increase of 42.7% from the February 28th total of 15,000 shares. Based on an average daily trading volume, of 29,300 shares, the short-interest ratio is currently 0.7 days.

Arch Capital Group Stock Down 0.7 %

Shares of ACGLO opened at $20.89 on Friday. Arch Capital Group has a 12 month low of $20.74 and a 12 month high of $23.92. The stock has a 50 day moving average of $21.59 and a 200 day moving average of $22.37.

Arch Capital Group Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Saturday, March 15th will be paid a dividend of $0.3406 per share. This represents a $1.36 annualized dividend and a yield of 6.52%. The ex-dividend date is Friday, March 14th.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.