Arch Capital Group Ltd. (NASDAQ:ACGLN) Sees Large Decline in Short Interest

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 51,100 shares, a drop of 43.3% from the November 15th total of 90,100 shares. Based on an average daily volume of 39,600 shares, the short-interest ratio is currently 1.3 days.

Arch Capital Group Stock Down 1.5 %

ACGLN stock opened at $18.72 on Friday. The stock’s 50 day moving average price is $20.14 and its 200 day moving average price is $19.94. Arch Capital Group has a 1 year low of $18.72 and a 1 year high of $21.21.

Arch Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be issued a dividend of $0.2844 per share. This represents a $1.14 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend is Friday, December 13th.

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.