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

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 45,400 shares, an increase of 112.1% from the March 15th total of 21,400 shares. Based on an average daily trading volume, of 26,300 shares, the short-interest ratio is currently 1.7 days.

Arch Capital Group Trading Up 0.4 %

ACGLO opened at $20.24 on Thursday. The company has a 50 day simple moving average of $21.20 and a two-hundred day simple moving average of $22.05. Arch Capital Group has a 1-year low of $20.05 and a 1-year high of $23.92.

Arch Capital Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Saturday, March 15th were issued a $0.3406 dividend. This represents a $1.36 annualized dividend and a yield of 6.73%. The ex-dividend date of this dividend was Friday, March 14th.

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.