Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Sees Significant Drop in Short Interest

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) was the target of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 73,900 shares, a decrease of 70.1% from the October 31st total of 246,800 shares. Based on an average daily volume of 420,800 shares, the days-to-cover ratio is presently 0.2 days.

Ping An Insurance (Group) Company of China Trading Up 3.6 %

Shares of PNGAY stock traded up $0.41 during mid-day trading on Wednesday, hitting $11.74. The company’s stock had a trading volume of 104,220 shares, compared to its average volume of 346,658. The company has a market cap of $107.31 billion, a PE ratio of 6.49 and a beta of 0.43. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.51 and a current ratio of 0.16. The company’s fifty day simple moving average is $12.33 and its 200-day simple moving average is $10.41. 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 Monday, October 21st. The company reported $0.69 earnings per share for the quarter. Ping An Insurance (Group) Company of China had a return on equity of 9.32% and a net margin of 10.66%. The business had revenue of $42.97 billion during the quarter. As a group, equities research analysts expect that Ping An Insurance will post 2.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut shares of Ping An Insurance (Group) Company of China from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd.

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.