Short Interest in PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Expands By 148.4%

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 4,822 shares, a growth of 148.4% from the May 14th total of 1,941 shares. Based on an average trading volume of 4,583 shares, the short-interest ratio is presently 1.1 days.

PICC Property and Casualty Price Performance

Shares of OTCMKTS:PPCCY opened at $49.69 on Friday. The stock’s 50-day simple moving average is $46.67 and its two-hundred day simple moving average is $50.47. PICC Property and Casualty has a 52-week low of $42.96 and a 52-week high of $66.76.

PICC Property and Casualty Company Profile

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.