QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) Stock Short Interest Jumps 234.7%

QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 11,614 shares, a growth of 234.7% from the August 31st total of 3,470 shares. Based on an average daily volume of 172,760 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Zacks Research upgraded shares of QBE Insurance Group to a “hold” rating in a research report on Wednesday, August 19th. Jefferies Financial Group lowered shares of QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

QBE Insurance Group Price Performance

Shares of QBIEY stock traded up $0.04 during mid-day trading on Friday, hitting $16.11. The stock had a trading volume of 60,290 shares, compared to its average volume of 84,172. QBE Insurance Group has a 12-month low of $12.46 and a 12-month high of $18.11. The firm’s 50-day moving average is $16.57 and its two-hundred day moving average is $16.34.

QBE Insurance Group Company Profile

QBE Insurance Group Limited is a global general insurance and reinsurance company headquartered in Sydney, Australia. The company provides insurance products and risk-management solutions for individuals, businesses and organizations, including commercial property, casualty, workers’ compensation, motor, marine, aviation and specialty insurance.

QBE also offers personal insurance products, such as home and motor coverage, as well as crop insurance and other solutions tailored to specific industries and markets.