Short Interest in Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) Drops By 69.7%

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 22,764 shares, a decrease of 69.7% from the May 31st total of 75,099 shares. Based on an average trading volume of 459,517 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Ping An Insurance Co. of China Stock Down 1.5%

Shares of PNGAY traded down $0.20 during mid-day trading on Friday, hitting $13.06. 368,055 shares of the company’s stock were exchanged, compared to its average volume of 232,437. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.93. Ping An Insurance Co. of China has a 52 week low of $12.60 and a 52 week high of $18.92. The company has a market cap of $119.37 billion, a PE ratio of 6.49 and a beta of 0.32. The company has a 50-day simple moving average of $15.27 and a 200 day simple moving average of $16.36.

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

Wall Street Analyst Weigh In

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

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.