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

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the recipient of a large decrease in short interest in January. As of January 30th, there was short interest totaling 2,932 shares, a decrease of 28.6% from the January 15th total of 4,104 shares. Based on an average daily trading volume, of 3,409 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 3,409 shares, the days-to-cover ratio is presently 0.9 days.

PICC Property and Casualty Trading Down 1.0%

PPCCY opened at $53.04 on Friday. The stock has a 50-day moving average of $53.03 and a 200 day moving average of $56.64. PICC Property and Casualty has a 12 month low of $40.30 and a 12 month high of $66.76.

PICC Property and Casualty Company Profile

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.