Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) Short Interest Update

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 96,909 shares, an increase of 142.1% from the July 15th total of 40,027 shares. Based on an average daily trading volume, of 544,827 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Ping An Insurance Co. of China Stock Performance

Shares of OTCMKTS PNGAY opened at $14.01 on Friday. The stock has a market cap of $128.05 billion, a price-to-earnings ratio of 6.97 and a beta of 0.35. The stock’s 50-day moving average is $14.10 and its 200 day moving average is $15.62. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.60. Ping An Insurance Co. of China has a 1-year low of $12.84 and a 1-year high of $18.92.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Ping An Insurance Co. of China from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Ping An Insurance Co. of China presently has an average rating of “Strong Buy”.

About Ping An Insurance Co. of China

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.