Short Interest in PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Drops By 70.2%

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 2,839 shares, a decline of 70.2% from the June 30th total of 9,517 shares. Based on an average daily volume of 16,267 shares, the days-to-cover ratio is presently 0.2 days.

PICC Property and Casualty Trading Down 0.1%

OTCMKTS:PPCCY traded down $0.04 during mid-day trading on Monday, hitting $47.05. The stock had a trading volume of 1,781 shares, compared to its average volume of 3,421. The company has a 50 day simple moving average of $46.98 and a 200-day simple moving average of $48.70. PICC Property and Casualty has a 52 week low of $42.79 and a 52 week high of $66.76.

PICC Property and Casualty Company Profile

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.