PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Short Interest Update

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 4,104 shares, an increase of 61.0% from the December 31st total of 2,549 shares. Based on an average daily volume of 2,801 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 2,801 shares, the short-interest ratio is presently 1.5 days.

PICC Property and Casualty Stock Performance

PPCCY opened at $50.01 on Friday. The business has a fifty day simple moving average of $54.08 and a 200 day simple moving average of $56.57. PICC Property and Casualty has a 1 year low of $40.29 and a 1 year high of $66.76.

About PICC Property and Casualty

PICC Property and Casualty Company Limited (OTCMKTS: PPCCY) is a major provider of property and casualty insurance in the People’s Republic of China. A subsidiary of the state‐owned People’s Insurance Company of China Group, PICC P&C underwrites a broad range of general insurance products tailored to both individual and corporate clients. Its core offerings include motor vehicle insurance, commercial property policies, liability coverage, cargo and marine insurance, as well as specialized solutions for agriculture, credit, and guarantee risks.

In addition to its standard lines of coverage, PICC P&C has expanded into personal lines such as accident and health insurance, and it also provides reinsurance services.