QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) Short Interest Up 117.4% in May

QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 98,558 shares, an increase of 117.4% from the April 30th total of 45,341 shares. Based on an average daily volume of 147,320 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the shares of the stock are short sold.

QBE Insurance Group Stock Up 1.2%

Shares of QBIEY traded up $0.19 during trading hours on Friday, hitting $16.29. The stock had a trading volume of 143,624 shares, compared to its average volume of 75,331. The company’s fifty day moving average is $15.91 and its two-hundred day moving average is $14.48. QBE Insurance Group has a 52 week low of $12.46 and a 52 week high of $17.49.

QBE Insurance Group Company Profile

QBE Insurance Group Ltd is an Australian-based multinational insurer that provides a broad range of general insurance and reinsurance products. Headquartered in Sydney, the company operates through two core divisions—General Insurance and Reinsurance—serving retail, commercial and specialty customers across diverse industries. QBE’s offerings encompass property and casualty coverage as well as risk management solutions designed to meet the needs of individuals, small-to-medium enterprises and large corporations.

Founded in 1886 as North Queensland Insurance Co, the business adopted the QBE name in 1973 following a series of mergers with Bankers and Traders Insurance Co and Equitable Fire & General Insurance Co Over more than a century of operations, the firm has expanded its footprint to more than 27 countries, with significant market presence in Australia, North America, Europe, Asia and Latin America.