Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Short Interest Up 83.8% in January

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAYGet Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 115,800 shares, a growth of 83.8% from the December 31st total of 63,000 shares. Based on an average daily trading volume, of 330,500 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lowered Ping An Insurance (Group) Company of China from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd.

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Ping An Insurance (Group) Company of China Price Performance

PNGAY opened at $11.30 on Friday. Ping An Insurance has a one year low of $7.60 and a one year high of $15.80. The firm has a market capitalization of $102.89 billion, a price-to-earnings ratio of 6.24 and a beta of 0.41. The business has a 50 day simple moving average of $11.46 and a two-hundred day simple moving average of $10.90.

Ping An Insurance (Group) Company of China Company Profile

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Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and technology businesses in the People's Republic of China. The company operates through Life and Health Insurance; Property and Casualty Insurance; Banking; Asset Management; and Technology segments.

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