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

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the target of a significant increase in short interest during the month of 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 daily volume of 25,900 shares, the short-interest ratio is currently 0.9 days.

Arch Capital Group Price Performance

ACGLO opened at $21.01 on Friday. The business has a fifty day simple moving average of $22.73 and a 200-day simple moving average of $22.94. Arch Capital Group has a fifty-two week low of $21.00 and a fifty-two week high of $24.50.

Arch Capital Group Announces Dividend

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

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.