Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Short Interest Down 21.8% in December

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 63,000 shares, a decline of 21.8% from the November 30th total of 80,600 shares. Based on an average trading volume of 439,800 shares, the days-to-cover ratio is currently 0.1 days.

Ping An Insurance (Group) Company of China Stock Down 0.5 %

Shares of Ping An Insurance (Group) Company of China stock traded down $0.06 during trading on Monday, reaching $11.75. The company’s stock had a trading volume of 138,687 shares, compared to its average volume of 333,753. Ping An Insurance has a 1-year low of $7.60 and a 1-year high of $15.80. The company has a 50-day simple moving average of $12.04 and a two-hundred day simple moving average of $10.60. The company has a quick ratio of 0.51, a current ratio of 0.16 and a debt-to-equity ratio of 0.67. The company has a market cap of $107.40 billion, a price-to-earnings ratio of 6.49 and a beta of 0.41.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.69 earnings per share for the quarter. Ping An Insurance (Group) Company of China had a return on equity of 9.32% and a net margin of 10.66%. The business had revenue of $42.97 billion during the quarter. As a group, equities analysts forecast that Ping An Insurance will post 2.08 earnings per share for the current year.

Analyst Ratings Changes

Separately, Jefferies Financial Group downgraded shares of Ping An Insurance (Group) Company of China from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd.

Ping An Insurance (Group) Company of China Company Profile

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.