Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) Short Interest Up 142.1% in July

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 96,909 shares, a growth of 142.1% from the July 15th total of 40,027 shares. Based on an average daily volume of 544,827 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Ping An Insurance Co. of China from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Ping An Insurance Co. of China Stock Performance

PNGAY traded down $0.10 on Friday, hitting $14.01. 144,892 shares of the company’s stock were exchanged, compared to its average volume of 197,458. The firm has a market cap of $128.05 billion, a PE ratio of 6.97 and a beta of 0.35. Ping An Insurance Co. of China has a twelve month low of $12.84 and a twelve month high of $18.92. The stock has a fifty day moving average of $14.10 and a two-hundred day moving average of $15.63. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.60.

Ping An Insurance Co. of China Company Profile

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.