PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Short Interest Update

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 4,104 shares, a growth of 61.0% from the December 31st total of 2,549 shares. Based on an average daily volume of 2,801 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 2,801 shares, the days-to-cover ratio is currently 1.5 days.

PICC Property and Casualty Stock Down 4.2%

Shares of PPCCY opened at $50.01 on Friday. PICC Property and Casualty has a 1-year low of $40.29 and a 1-year high of $66.76. The firm’s 50 day simple moving average is $54.08 and its 200 day simple moving average is $56.53.

PICC Property and Casualty Company Profile

PICC Property and Casualty Company Limited (OTCMKTS: PPCCY) is a major provider of property and casualty insurance in the People’s Republic of China. A subsidiary of the state‐owned People’s Insurance Company of China Group, PICC P&C underwrites a broad range of general insurance products tailored to both individual and corporate clients. Its core offerings include motor vehicle insurance, commercial property policies, liability coverage, cargo and marine insurance, as well as specialized solutions for agriculture, credit, and guarantee risks.

In addition to its standard lines of coverage, PICC P&C has expanded into personal lines such as accident and health insurance, and it also provides reinsurance services.