PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Short Interest Update

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 3,117 shares, an increase of 105.6% from the August 15th total of 1,516 shares. Based on an average daily volume of 1,734 shares, the days-to-cover ratio is presently 1.8 days.

PICC Property and Casualty Stock Performance

Shares of OTCMKTS:PPCCY opened at $54.32 on Monday. PICC Property and Casualty has a twelve month low of $42.79 and a twelve month high of $66.76. The company’s 50 day moving average is $50.15 and its 200 day moving average is $48.58.

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.