Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Short Interest Update

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 146,000 shares, a growth of 69.2% from the August 31st total of 86,300 shares. Based on an average daily volume of 536,600 shares, the days-to-cover ratio is currently 0.3 days.

Ping An Insurance (Group) Company of China Trading Up 3.9 %

Shares of OTCMKTS:PNGAY traded up $0.47 during midday trading on Friday, hitting $12.58. 619,999 shares of the stock were exchanged, compared to its average volume of 291,604. The business’s 50-day moving average price is $9.13 and its 200 day moving average price is $9.28. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.50. Ping An Insurance has a 12 month low of $7.60 and a 12 month high of $12.69. The stock has a market capitalization of $114.98 billion, a price-to-earnings ratio of 9.60 and a beta of 0.42.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.58 EPS for the quarter. Ping An Insurance (Group) Company of China had a return on equity of 7.25% and a net margin of 8.70%. The company had revenue of $38.42 billion for the quarter. Analysts predict that Ping An Insurance will post 1.85 earnings per share for the current year.

Ping An Insurance (Group) Company of China Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, October 28th. Investors of record on Thursday, September 5th will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Thursday, September 5th. Ping An Insurance (Group) Company of China’s dividend payout ratio is currently 32.82%.

About Ping An Insurance (Group) Company of China

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and technology businesses in the People's Republic of China. The company operates through Life and Health Insurance; Property and Casualty Insurance; Banking; Asset Management; and Technology segments.