Short Interest in QBE Insurance Group Limited (OTCMKTS:QBIEY) Decreases By 88.9%

QBE Insurance Group Limited (OTCMKTS:QBIEY) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 3,000 shares, a decrease of 88.9% from the September 30th total of 27,100 shares. Based on an average trading volume of 69,100 shares, the short-interest ratio is currently 0.0 days.

QBE Insurance Group Stock Performance

OTCMKTS:QBIEY traded up $0.02 on Friday, reaching $11.47. 44,583 shares of the stock traded hands, compared to its average volume of 34,932. QBE Insurance Group has a 1-year low of $9.12 and a 1-year high of $12.79. The company’s 50 day moving average is $11.14 and its 200-day moving average is $11.42.

QBE Insurance Group Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 27th. Investors of record on Monday, August 19th were paid a dividend of $0.1475 per share. The ex-dividend date was Monday, August 19th. This is an increase from QBE Insurance Group’s previous dividend of $0.03. QBE Insurance Group’s dividend payout ratio (DPR) is currently -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.