China Pacific Insurance (Group) Co., Ltd. (OTCMKTS:CHPXF) Sees Large Increase in Short Interest

China Pacific Insurance (Group) Co., Ltd. (OTCMKTS:CHPXF) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 475,928 shares, a growth of 72.4% from the April 15th total of 276,028 shares. Based on an average daily volume of 665 shares, the days-to-cover ratio is currently 715.7 days.

China Pacific Insurance (Group) Price Performance

OTCMKTS CHPXF opened at $4.15 on Tuesday. China Pacific Insurance has a 1 year low of $3.85 and a 1 year high of $5.54. The business’s 50-day moving average is $4.35 and its 200 day moving average is $4.56.

China Pacific Insurance (Group) Company Profile

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.