PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Sees Significant Increase in Short Interest

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 15,741 shares, an increase of 94.6% from the September 30th total of 8,089 shares. Based on an average daily trading volume, of 23,000 shares, the short-interest ratio is presently 0.7 days.

PICC Property and Casualty Trading Up 2.8%

PPCCY opened at $52.46 on Friday. PICC Property and Casualty has a 52-week low of $42.79 and a 52-week high of $66.76. The company has a 50 day moving average of $52.51 and a two-hundred day moving average of $49.68.

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 Group. The company provides insurance protection to individuals, businesses, and government-related organizations across mainland China.

Its products and services include motor vehicle insurance, commercial property insurance, homeowners’ insurance, liability insurance, cargo and marine coverage, agricultural insurance, accident insurance, and short-term health insurance.