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

Arch Capital Group Ltd. (NASDAQ:ACGLN) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 32,400 shares, a growth of 653.5% from the December 15th total of 4,300 shares. Based on an average daily trading volume, of 46,500 shares, the days-to-cover ratio is presently 0.7 days.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock traded down $0.23 during trading on Monday, reaching $17.41. 32,263 shares of the company’s stock were exchanged, compared to its average volume of 44,132. Arch Capital Group has a 1-year low of $17.45 and a 1-year high of $21.21. The firm’s 50-day moving average price is $19.19 and its 200 day moving average price is $19.76.

Arch Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th were issued a $0.2844 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.54%.

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.