PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Sees Large Growth in Short Interest
by Tristan Rich · The Markets DailyPICC Property and Casualty Company Limited (OTCMKTS:PPCCY – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 15,741 shares, a growth of 94.6% from the September 30th total of 8,089 shares. Based on an average daily volume of 23,000 shares, the days-to-cover ratio is currently 0.7 days.
PICC Property and Casualty Stock Performance
OTCMKTS:PPCCY traded down $0.04 on Monday, hitting $50.98. The stock had a trading volume of 4,067 shares, compared to its average volume of 4,029. PICC Property and Casualty has a 1-year low of $42.79 and a 1-year high of $66.76. The company has a fifty day moving average price of $52.51 and a two-hundred day moving average price of $49.68.
PICC Property and Casualty Company Profile
PICC Property and Casualty Company Limited is a China-based property and casualty insurer and a subsidiary of The People’s Insurance Company of China Group. The company provides insurance protection to individuals, businesses, and government-related organizations across mainland China.
Its products and services include motor vehicle insurance, commercial property insurance, homeowners’ insurance, liability insurance, cargo and marine coverage, agricultural insurance, accident insurance, and short-term health insurance.
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