Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PIAIF) Shares Shorted: Short Interest Down 47.5% in October

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PIAIF) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 20,533,224 shares, a drop of 47.5% from the September 30th total of 39,108,176 shares. Based on an average daily volume of 81,991 shares, the short-interest ratio is currently 250.4 days.

Ping An Insurance (Group) Company of China Stock Performance

Shares of PIAIF stock remained flat at $5.96 during mid-day trading on Friday. Ping An Insurance has a 1 year low of $5.95 and a 1 year high of $9.81. The business’s fifty day moving average price is $6.77 and its 200-day moving average price is $7.60.

Ping An Insurance (Group) Company of China Company Profile

Ping An Insurance (Group) Company of China Ltd. is a diversified financial services group headquartered in Shenzhen, China. Founded in 1988, the company has developed from an insurance provider into an integrated group serving retail customers, businesses and institutional clients.

Its principal businesses include life and health insurance, property and casualty insurance, banking, trust services, securities, asset management and investment services. Ping An also operates technology platforms focused on financial services, healthcare, automotive services and smart-city applications, supporting its insurance and financial businesses through digital tools and data-driven solutions.

Ping An primarily serves customers in mainland China, with selected operations and investments in other markets, including Hong Kong.