Short Interest in PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Expands By 76.7%

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 5,016 shares, a growth of 76.7% from the July 15th total of 2,839 shares. Based on an average trading volume of 7,641 shares, the days-to-cover ratio is currently 0.7 days.

PICC Property and Casualty Stock Performance

PICC Property and Casualty stock remained flat at $49.55 during mid-day trading on Monday. The company had a trading volume of 641 shares, compared to its average volume of 3,331. The business has a 50 day simple moving average of $48.21 and a two-hundred day simple moving average of $48.51. PICC Property and Casualty has a 1-year low of $42.79 and a 1-year high of $66.76.

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.