Short Interest in PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Drops By 85.6%

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,490 shares, a drop of 85.6% from the April 15th total of 10,371 shares. Based on an average daily trading volume, of 7,078 shares, the days-to-cover ratio is currently 0.2 days.

PICC Property and Casualty Stock Up 2.6%

Shares of OTCMKTS PPCCY traded up $1.27 during trading on Thursday, reaching $49.36. 1,099 shares of the stock traded hands, compared to its average volume of 2,924. The company has a 50-day moving average of $47.40 and a 200-day moving average of $52.68. PICC Property and Casualty has a 52-week low of $42.96 and a 52-week high of $66.76.

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.