Short Interest in Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) Increases By 157.5%

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 40,027 shares, an increase of 157.5% from the June 30th total of 15,545 shares. Based on an average daily volume of 594,551 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Ping An Insurance Co. of China Stock Performance

Ping An Insurance Co. of China stock traded down $0.06 on Monday, reaching $14.53. 115,357 shares of the stock were exchanged, compared to its average volume of 194,997. The firm has a fifty day moving average price of $14.33 and a two-hundred day moving average price of $15.94. Ping An Insurance Co. of China has a twelve month low of $12.84 and a twelve month high of $18.92. The stock has a market cap of $132.81 billion, a PE ratio of 7.23 and a beta of 0.35. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.60.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.62 earnings per share (EPS) for the quarter. The company had revenue of $34.43 billion for the quarter. Ping An Insurance Co. of China had a net margin of 11.80% and a return on equity of 10.91%. Sell-side analysts anticipate that Ping An Insurance Co. of China will post 2.34 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Ping An Insurance Co. of China from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Ping An Insurance Co. of China has an average rating of “Hold”.

About Ping An Insurance Co. of China

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.