PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Sees Large Decline in Short Interest

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 1,516 shares, a decrease of 69.8% from the July 30th total of 5,016 shares. Based on an average daily volume of 3,644 shares, the short-interest ratio is currently 0.4 days.

PICC Property and Casualty Trading Up 2.8%

Shares of OTCMKTS PPCCY traded up $1.42 during trading hours on Thursday, hitting $52.35. The stock had a trading volume of 863 shares, compared to its average volume of 3,198. The firm’s 50-day moving average price is $48.50 and its two-hundred day moving average price is $48.50. PICC Property and Casualty has a 52 week low of $42.79 and a 52 week high of $66.76.

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.