China Pacific Insurance (Group) Co., Ltd. (OTCMKTS:CHPXF) Short Interest Down 96.6% in May

China Pacific Insurance (Group) Co., Ltd. (OTCMKTS:CHPXF – Get Rating) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 6,600 shares, a decline of 96.6% from the April 30th total of 195,000 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is presently 2.0 days.

Shares of OTCMKTS:CHPXF remained flat at $$2.48 during midday trading on Wednesday. The business has a 50-day moving average price of $2.53 and a two-hundred day moving average price of $2.80. China Pacific Insurance has a 12-month low of $2.34 and a 12-month high of $3.25.

China Pacific Insurance (Group) Company Profile (Get Rating)

China Pacific Insurance (Group) Co, Ltd., together with its subsidiaries, offers insurance products in the People's Republic of China. It operates through Life and Health Insurance, Property and Casualty Insurance, and Other Businesses segments. The company offers life, health, and accident insurance products, etc.; liability insurance; credit and guarantee insurance; short-term health insurance and casualty insurance; property insurance; agricultural insurance; and individual and group pension and annuity products, as well as insurance funds investment and reinsurance services.

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