Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) Short Interest Down 87.8% in April

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 22,747 shares, a decline of 87.8% from the April 15th total of 185,937 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 274,285 shares, the short-interest ratio is presently 0.1 days.

Ping An Insurance Co. of China Stock Down 2.6%

Shares of OTCMKTS:PNGAY traded down $0.44 during mid-day trading on Thursday, hitting $16.28. 86,526 shares of the company traded hands, compared to its average volume of 169,760. The firm has a market cap of $148.80 billion, a P/E ratio of 8.10 and a beta of 0.35. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.93 and a current ratio of 0.93. Ping An Insurance Co. of China has a 52-week low of $11.50 and a 52-week high of $18.92. The firm’s 50 day simple moving average is $15.90 and its 200 day simple moving average is $16.37.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.62 earnings per share for the quarter. The firm had revenue of $34.43 billion during the quarter. Ping An Insurance Co. of China had a return on equity of 10.91% and a net margin of 11.80%. On average, equities analysts anticipate that Ping An Insurance Co. of China will post 2.33 EPS for the current year.

Analyst Ratings Changes

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

Ping An Insurance Co. of China Company Profile

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.