PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Sees Significant Increase in Short Interest

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 3,117 shares, a growth of 105.6% from the August 15th total of 1,516 shares. Based on an average trading volume of 1,734 shares, the days-to-cover ratio is currently 1.8 days.

PICC Property and Casualty Stock Performance

Shares of OTCMKTS:PPCCY remained flat at $55.59 during trading on Wednesday. The stock had a trading volume of 1,122 shares, compared to its average volume of 3,167. The firm’s fifty day moving average price is $50.52 and its two-hundred day moving average price is $48.61. PICC Property and Casualty has a 1-year low of $42.79 and a 1-year 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.