Short Interest in PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Grows By 45.1%

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 10,371 shares, a growth of 45.1% from the March 31st total of 7,148 shares. Based on an average trading volume of 6,627 shares, the short-interest ratio is currently 1.6 days.

PICC Property and Casualty Price Performance

Shares of OTCMKTS PPCCY traded down $1.49 during midday trading on Thursday, hitting $44.71. 4,171 shares of the company’s stock were exchanged, compared to its average volume of 2,931. PICC Property and Casualty has a twelve month low of $42.96 and a twelve month high of $66.76. The firm’s fifty day simple moving average is $48.48 and its 200-day simple moving average is $53.58.

About PICC Property and Casualty

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.