PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Stock Short Interest Climbs 85.4%

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 5,778 shares, a growth of 85.4% from the August 31st total of 3,117 shares. Based on an average trading volume of 6,377 shares, the short-interest ratio is currently 0.9 days.

PICC Property and Casualty Stock Down 3.8%

Shares of OTCMKTS:PPCCY traded down $2.08 during trading on Wednesday, hitting $53.18. 544 shares of the company traded hands, compared to its average volume of 3,110. The business’s fifty day moving average is $52.22 and its 200-day moving average is $48.87. PICC Property and Casualty has a one year low of $42.79 and a one year high of $66.76.

About PICC Property and Casualty

PICC Property and Casualty Company Limited is a China-based property and casualty insurer and a subsidiary of The People’s Insurance Company of China Limited. The company provides insurance protection to individuals, businesses, government entities and other organizations across mainland China.

Its products and services include automobile insurance, commercial and residential property insurance, liability insurance, accident and short-term health insurance, agricultural insurance, cargo and transportation insurance, and other specialty coverage.