Short Interest in Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) Increases By 157.5%

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 40,027 shares, an increase of 157.5% from the June 30th total of 15,545 shares. Based on an average daily volume of 594,551 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Ping An Insurance Co. of China from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Ping An Insurance Co. of China has a consensus rating of “Hold”.

Ping An Insurance Co. of China Price Performance

Shares of Ping An Insurance Co. of China stock traded up $0.20 on Tuesday, hitting $14.74. The company had a trading volume of 141,436 shares, compared to its average volume of 195,065. Ping An Insurance Co. of China has a 52 week low of $12.84 and a 52 week high of $18.92. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $134.73 billion, a PE ratio of 7.33 and a beta of 0.35. The business has a 50-day simple moving average of $14.28 and a 200-day simple moving average of $15.89.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last announced its earnings results on Tuesday, April 28th. The company reported $0.62 EPS for the quarter. The firm had revenue of $34.43 billion for the quarter. Ping An Insurance Co. of China had a return on equity of 10.91% and a net margin of 11.80%. Research analysts expect that Ping An Insurance Co. of China will post 2.34 EPS for the current fiscal year.

Ping An Insurance Co. of China Company Profile

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.