Arch Capital Group Ltd. (NASDAQ:ACGLO) Sees Large Growth in Short Interest

Arch Capital Group Ltd. (NASDAQ:ACGLO) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 22,600 shares, an increase of 1,030.0% from the November 30th total of 2,000 shares. Based on an average trading volume of 25,900 shares, the days-to-cover ratio is currently 0.9 days.

Arch Capital Group Stock Down 0.9 %

Shares of ACGLO opened at $21.01 on Friday. Arch Capital Group has a 52 week low of $21.00 and a 52 week high of $24.50. The company’s 50 day moving average price is $22.73 and its 200 day moving average price is $22.94.

Arch Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be paid a $0.3406 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date is Friday, December 13th.

About Arch Capital Group

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.