Short Interest in PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Grows By 99.4%

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 9,614 shares, an increase of 99.4% from the May 31st total of 4,822 shares. Based on an average daily volume of 7,297 shares, the short-interest ratio is presently 1.3 days.

PICC Property and Casualty Stock Performance

PPCCY stock opened at $47.43 on Wednesday. PICC Property and Casualty has a 1-year low of $42.96 and a 1-year high of $66.76. The business has a fifty day moving average price of $47.07 and a 200-day moving average price of $49.72.

About PICC Property and Casualty

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.