China Pacific Insurance (Group) Co., Ltd. (OTCMKTS:CHPXF) Sees Large Drop in Short Interest

China Pacific Insurance (Group) Co., Ltd. (OTCMKTS:CHPXF) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 1,759,948 shares, a drop of 76.8% from the July 15th total of 7,600,704 shares. Based on an average daily trading volume, of 31,933 shares, the days-to-cover ratio is presently 55.1 days.

China Pacific Insurance (Group) Price Performance

China Pacific Insurance (Group) stock remained flat at $3.65 during midday trading on Thursday. China Pacific Insurance has a one year low of $3.65 and a one year high of $5.54. The company has a 50 day simple moving average of $3.72 and a 200 day simple moving average of $4.25.

About China Pacific Insurance (Group)

China Pacific Insurance (Group) Co, Ltd. (OTCMKTS: CHPXF), commonly known as CPIC, is one of China’s leading insurance conglomerates, headquartered in Shanghai. Established in 1991, the group operates through two primary subsidiaries: China Pacific Property Insurance Company and China Pacific Life Insurance Company. Together, these entities provide a comprehensive suite of insurance products designed to meet the risk management and financial protection needs of individuals, families and businesses across mainland China.

In the property and casualty segment, CPIC offers a broad range of coverage including automobile, homeowners, liability and commercial insurance lines.