PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Sees Significant Growth in Short Interest

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 4,822 shares, a growth of 148.4% from the May 14th total of 1,941 shares. Based on an average daily trading volume, of 4,583 shares, the days-to-cover ratio is currently 1.1 days.

PICC Property and Casualty Trading Up 6.2%

Shares of OTCMKTS PPCCY traded up $2.88 on Friday, reaching $49.69. 3,322 shares of the company traded hands, compared to its average volume of 2,949. PICC Property and Casualty has a fifty-two week low of $42.96 and a fifty-two week high of $66.76. The company has a 50 day moving average of $46.67 and a 200 day moving average of $50.47.

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.