Short Interest in Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Drops By 54.6%

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 111,600 shares, a drop of 54.6% from the January 31st total of 246,000 shares. Based on an average trading volume of 532,900 shares, the short-interest ratio is currently 0.2 days.

Ping An Insurance (Group) Company of China Stock Performance

Shares of OTCMKTS PNGAY traded down $0.37 during trading hours on Friday, hitting $11.88. The company’s stock had a trading volume of 204,550 shares, compared to its average volume of 247,086. The business has a 50-day simple moving average of $11.43 and a 200-day simple moving average of $11.32. Ping An Insurance has a 12 month low of $7.60 and a 12 month high of $15.80. The stock has a market cap of $108.17 billion, a price-to-earnings ratio of 6.56 and a beta of 0.40.

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.