China Pacific Insurance (Group) Co., Ltd. (OTCMKTS:CHPXF) Short Interest Update

China Pacific Insurance (Group) Co., Ltd. (OTCMKTS:CHPXF) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,759,948 shares, a decline of 76.8% from the July 15th total of 7,600,704 shares. Based on an average trading volume of 31,933 shares, the days-to-cover ratio is currently 55.1 days.

China Pacific Insurance (Group) Price Performance

Shares of China Pacific Insurance (Group) stock opened at $3.65 on Friday. The company has a fifty day moving average of $3.71 and a 200 day moving average of $4.24. China Pacific Insurance has a fifty-two week low of $3.65 and a fifty-two week high of $5.54.

About China Pacific Insurance (Group)

China Pacific Insurance (Group) Co, Ltd. (OTCMKTS: CHPXF), commonly known as CPIC, is one of China’s leading insurance conglomerates, headquartered in Shanghai. Established in 1991, the group operates through two primary subsidiaries: China Pacific Property Insurance Company and China Pacific Life Insurance Company. Together, these entities provide a comprehensive suite of insurance products designed to meet the risk management and financial protection needs of individuals, families and businesses across mainland China.

In the property and casualty segment, CPIC offers a broad range of coverage including automobile, homeowners, liability and commercial insurance lines.