Short Interest in PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Declines By 36.3%

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 2,349 shares, a decline of 36.3% from the November 30th total of 3,686 shares. Based on an average daily volume of 3,201 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 3,201 shares, the days-to-cover ratio is currently 0.7 days.

PICC Property and Casualty Stock Up 1.6%

PICC Property and Casualty stock opened at $55.97 on Friday. The firm’s fifty day moving average price is $58.85 and its two-hundred day moving average price is $55.91. PICC Property and Casualty has a 1-year low of $35.39 and a 1-year 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.