China Pacific Insurance (Group) Co., Ltd. (OTCMKTS:CHPXF) Short Interest Down 76.8% in July

China Pacific Insurance (Group) Co., Ltd. (OTCMKTS:CHPXF) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,759,948 shares, a decline of 76.8% from the July 15th total of 7,600,704 shares. Based on an average daily volume of 31,933 shares, the days-to-cover ratio is presently 55.1 days.

China Pacific Insurance (Group) Stock Performance

OTCMKTS:CHPXF remained flat at $3.65 during trading hours on Thursday. China Pacific Insurance has a 52 week low of $3.65 and a 52 week high of $5.54. The firm has a fifty day moving average price of $3.72 and a 200 day moving average price of $4.25.

About China Pacific Insurance (Group)

China Pacific Insurance (Group) Co, Ltd. (OTCMKTS: CHPXF), commonly known as CPIC, is one of China’s leading insurance conglomerates, headquartered in Shanghai. Established in 1991, the group operates through two primary subsidiaries: China Pacific Property Insurance Company and China Pacific Life Insurance Company. Together, these entities provide a comprehensive suite of insurance products designed to meet the risk management and financial protection needs of individuals, families and businesses across mainland China.

In the property and casualty segment, CPIC offers a broad range of coverage including automobile, homeowners, liability and commercial insurance lines.