Arch Capital Group Ltd. (NASDAQ:ACGLN) Short Interest Up 133.4% in January

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 91,957 shares, an increase of 133.4% from the January 15th total of 39,403 shares. Based on an average daily trading volume, of 53,474 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily trading volume, of 53,474 shares, the days-to-cover ratio is currently 1.7 days.

Arch Capital Group Price Performance

NASDAQ:ACGLN opened at $17.51 on Thursday. The business’s 50-day moving average price is $17.24 and its 200 day moving average price is $17.52. Arch Capital Group has a 52-week low of $16.44 and a 52-week high of $19.16.

Arch Capital Group Company Profile

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.