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 January. As of January 15th, there was short interest totalling 115,800 shares, a growth of 83.8% from the December 31st total of 63,000 shares. Based on an average daily volume of 330,500 shares, the days-to-cover ratio is currently 0.4 days.

Ping An Insurance (Group) Company of China Stock Down 2.0 %

Ping An Insurance (Group) Company of China stock opened at $11.30 on Friday. The company has a market capitalization of $102.89 billion, a PE ratio of 6.24 and a beta of 0.41. Ping An Insurance has a 12-month low of $7.60 and a 12-month high of $15.80. The firm’s fifty day moving average is $11.46 and its 200 day moving average is $10.90.

Analyst Upgrades and Downgrades

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

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.