Short Interest in Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Rises By 696.7%

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 465,300 shares, a growth of 696.7% from the February 28th total of 58,400 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 619,600 shares, the days-to-cover ratio is currently 0.8 days.

Ping An Insurance (Group) Company of China Stock Up 0.2 %

PNGAY stock traded up $0.02 during midday trading on Thursday, hitting $12.15. The company’s stock had a trading volume of 109,384 shares, compared to its average volume of 244,431. The firm has a 50-day simple moving average of $11.80 and a 200-day simple moving average of $11.75. The firm has a market capitalization of $110.63 billion, a P/E ratio of 6.71 and a beta of 0.41. Ping An Insurance has a 52-week low of $7.60 and a 52-week high of $15.80.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last issued its earnings results on Wednesday, March 19th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Ping An Insurance (Group) Company of China had a return on equity of 9.32% and a net margin of 10.66%. The firm had revenue of $38.87 billion for the quarter. On average, sell-side analysts expect that Ping An Insurance will post 2.12 earnings per share for the current fiscal year.

About Ping An Insurance (Group) Company of China

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.