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 significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 199,227 shares, a decline of 40.2% from the September 30th total of 333,333 shares. Based on an average trading volume of 456,800 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

Ping An Insurance Co. of China Stock Down 0.3%

Shares of PNGAY traded down $0.04 during mid-day trading on Friday, reaching $12.74. The company’s stock had a trading volume of 215,802 shares, compared to its average volume of 426,013. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.46 and a quick ratio of 0.47. Ping An Insurance Co. of China has a 12-month low of $12.03 and a 12-month high of $18.92. The stock has a market cap of $116.45 billion, a PE ratio of 8.88 and a beta of 0.33. The company’s 50 day moving average is $13.53 and its 200 day moving average is $15.15.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $25.55 billion during the quarter. Ping An Insurance Co. of China had a return on equity of 8.10% and a net margin of 9.67%. Equities analysts anticipate that Ping An Insurance Co. of China will post 2.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Ping An Insurance Co. of China from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About Ping An Insurance Co. of China

Ping An Insurance (Group) Company of China Ltd. is a China-based integrated financial services group founded in 1988 and headquartered in Shenzhen. The company provides insurance, banking, investment and technology-related services through a range of subsidiaries and business units.

Its insurance operations include life and health insurance, property and casualty insurance, annuities and related financial protection products. Ping An also offers banking services, asset management and investment products, as well as healthcare and automotive-related services supported by its technology platforms.

Ping An primarily serves customers in mainland China through digital channels and an extensive network of agents, branches and service providers.