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

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 7,872 shares, an increase of 27.1% from the February 26th total of 6,195 shares. Based on an average trading volume of 6,142 shares, the days-to-cover ratio is currently 1.3 days.

PICC Property and Casualty Price Performance

Shares of OTCMKTS PPCCY opened at $47.58 on Monday. PICC Property and Casualty has a 1-year low of $40.30 and a 1-year high of $66.76. The company has a 50-day moving average of $51.03 and a two-hundred day moving average of $55.37.

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.