Short Interest in China Pacific Insurance (Group) Co., Ltd. (OTCMKTS:CHPXF) Rises By 225.8%

China Pacific Insurance (Group) Co., Ltd. (OTCMKTS:CHPXF) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,550,528 shares, a growth of 225.8% from the April 30th total of 475,928 shares. Based on an average daily trading volume, of 6,582 shares, the short-interest ratio is presently 235.6 days.

China Pacific Insurance (Group) Stock Performance

OTCMKTS:CHPXF remained flat at $4.09 during midday trading on Friday. The company’s 50 day moving average price is $4.29 and its 200 day moving average price is $4.55. China Pacific Insurance has a fifty-two week low of $3.85 and a fifty-two week high of $5.54.

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.