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

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 5,700 shares, an increase of 35.7% from the August 15th total of 4,200 shares. Based on an average daily trading volume, of 14,400 shares, the days-to-cover ratio is presently 0.4 days.

Arch Capital Group Price Performance

ACGLO stock opened at $23.62 on Friday. Arch Capital Group has a twelve month low of $19.20 and a twelve month high of $24.50. The business’s 50-day simple moving average is $23.09 and its 200 day simple moving average is $23.01.

Institutional Investors Weigh In On Arch Capital Group

A hedge fund recently bought a new stake in Arch Capital Group stock. Cove Street Capital LLC acquired a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGLO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,500 shares of the company’s stock, valued at approximately $169,000.

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.