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

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 39,403 shares, a growth of 377.6% from the December 31st total of 8,251 shares. Based on an average trading volume of 50,554 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 50,554 shares, the short-interest ratio is presently 0.8 days.

Arch Capital Group Trading Down 0.3%

Shares of NASDAQ ACGLN opened at $17.91 on Wednesday. Arch Capital Group has a 52-week low of $16.44 and a 52-week high of $19.16. The stock has a 50 day moving average price of $17.13 and a 200 day moving average price of $17.46.

Arch Capital Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a dividend of $0.2844 per share. The ex-dividend date was Monday, December 15th. This represents a $1.14 annualized dividend and a dividend yield of 6.4%.

About Arch Capital Group

Arch Capital Group Ltd is a Bermuda-based financial services company that provides insurance, reinsurance and mortgage insurance products through its subsidiaries. The company underwrites a broad array of property and casualty insurance, specialty insurance, and reinsurance business, designing customized solutions for clients across commercial, personal and specialty markets. Arch’s offerings include commercial casualty and property, directors and officers liability, professional liability, surety, and mortgage insurance products.

In its reinsurance segment, Arch writes treaty and facultative business lines, encompassing property catastrophe, casualty and specialty risks.