PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Short Interest Update

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 2,349 shares, a drop of 36.3% from the November 30th total of 3,686 shares. Based on an average daily trading volume, of 3,201 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 3,201 shares, the days-to-cover ratio is presently 0.7 days.

PICC Property and Casualty Stock Up 1.6%

Shares of PPCCY opened at $55.97 on Monday. PICC Property and Casualty has a 52-week low of $35.39 and a 52-week high of $66.76. The stock has a fifty day simple moving average of $58.85 and a two-hundred day simple moving average of $55.97.

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.