Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Short Interest Update

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAYGet Rating) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 42,900 shares, a decrease of 75.9% from the March 31st total of 177,700 shares. Based on an average trading volume of 1,248,800 shares, the days-to-cover ratio is currently 0.0 days.

Several equities research analysts recently weighed in on PNGAY shares. JPMorgan Chase & Co. lowered shares of Ping An Insurance (Group) Company of China from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 11th. Zacks Investment Research upgraded shares of Ping An Insurance (Group) Company of China from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 16th.

OTCMKTS:PNGAY traded down $0.31 during trading hours on Friday, reaching $12.30. 356,715 shares of the company’s stock were exchanged, compared to its average volume of 495,580. The company has a market capitalization of $114.62 billion, a P/E ratio of 6.95 and a beta of 0.74. Ping An Insurance has a 12 month low of $11.85 and a 12 month high of $22.15. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.02. The business’s 50-day simple moving average is $14.25 and its two-hundred day simple moving average is $14.89.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAYGet Rating) last released its earnings results on Thursday, March 17th. The company reported $0.35 earnings per share (EPS) for the quarter. Ping An Insurance (Group) Company of China had a net margin of 7.89% and a return on equity of 9.81%. The company had revenue of $47.44 billion during the quarter. As a group, sell-side analysts anticipate that Ping An Insurance will post 1.94 earnings per share for the current fiscal year.

About Ping An Insurance (Group) Company of China (Get Rating)

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and fintech and healthtech businesses in the People's Republic of China. The company's Life and Health Insurance segment offers term, whole-life, endowment, annuity, investment-linked, universal life, and health care and medical insurance to individual and corporate customers.

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