PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Shares Shorted: Short Interest Up 85.4% in September

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 5,778 shares, a growth of 85.4% from the August 31st total of 3,117 shares. Based on an average trading volume of 6,377 shares, the days-to-cover ratio is currently 0.9 days.

PICC Property and Casualty Stock Performance

Shares of PPCCY traded up $0.76 on Tuesday, reaching $55.26. 6,759 shares of the stock traded hands, compared to its average volume of 3,123. The stock’s 50-day moving average price is $52.04 and its 200-day moving average price is $48.84. PICC Property and Casualty has a 12 month low of $42.79 and a 12 month high of $66.76.

PICC Property and Casualty Company Profile

PICC Property and Casualty Company Limited is a China-based property and casualty insurer and a subsidiary of The People’s Insurance Company of China Limited. The company provides insurance protection to individuals, businesses, government entities and other organizations across mainland China.

Its products and services include automobile insurance, commercial and residential property insurance, liability insurance, accident and short-term health insurance, agricultural insurance, cargo and transportation insurance, and other specialty coverage.