PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Short Interest Down 79.5% in March

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,500 shares, a drop of 79.5% from the February 28th total of 7,300 shares. Based on an average daily trading volume, of 4,700 shares, the days-to-cover ratio is currently 0.3 days.

PICC Property and Casualty Stock Performance

PICC Property and Casualty stock traded down $0.40 during midday trading on Wednesday, hitting $46.89. 652 shares of the company were exchanged, compared to its average volume of 1,397. PICC Property and Casualty has a fifty-two week low of $28.20 and a fifty-two week high of $47.45. The company’s fifty day moving average price is $42.69 and its 200-day moving average price is $39.78.

About PICC Property and Casualty

PICC Property and Casualty Company Limited, together with its subsidiaries, operates as a property and casualty insurance company in the People's Republic of China. It operates through Motor Vehicle, Accidental Injury and Health, Agriculture, Liability, Commercial Property, and Others segments. The company offers accidental injury and medical expenses, short-term health, homeowners, special risk, marine hull, construction, household property, cargo, credit and surety, accidental injury, and other insurance products.