Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) Sees Significant Drop in Short Interest

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 22,747 shares, a decline of 87.8% from the April 15th total of 185,937 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 274,285 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Zacks Research raised Ping An Insurance Co. of China from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Ping An Insurance Co. of China Trading Down 1.2%

OTCMKTS PNGAY traded down $0.20 on Tuesday, hitting $16.59. The company’s stock had a trading volume of 34,190 shares, compared to its average volume of 168,350. The company’s 50-day moving average is $15.92 and its 200 day moving average is $16.34. The firm has a market cap of $151.59 billion, a PE ratio of 8.25 and a beta of 0.35. Ping An Insurance Co. of China has a 1-year low of $11.50 and a 1-year high of $18.92. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.60.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.62 EPS for the quarter. Ping An Insurance Co. of China had a net margin of 11.80% and a return on equity of 10.91%. The company had revenue of $34.43 billion for the quarter. As a group, analysts predict that Ping An Insurance Co. of China will post 2.33 earnings per share for the current fiscal year.

Ping An Insurance Co. of China Company Profile

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.