Short Interest in Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PIAIF) Decreases By 13.7%

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PIAIF) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 35,865,913 shares, a decrease of 13.7% from the January 15th total of 41,572,076 shares. Based on an average daily volume of 16,830 shares, the days-to-cover ratio is presently 2,131.1 days. Based on an average daily volume of 16,830 shares, the days-to-cover ratio is presently 2,131.1 days.

Ping An Insurance (Group) Company of China Stock Performance

PIAIF opened at $9.50 on Thursday. Ping An Insurance has a one year low of $4.93 and a one year high of $9.81. The company has a fifty day moving average price of $8.88 and a 200-day moving average price of $7.71.

Ping An Insurance (Group) Company of China Company Profile

Ping An Insurance (Group) Company of China is one of the largest integrated financial services providers in China, headquartered in Shenzhen. Established in 1988, Ping An has grown into a diversified conglomerate, offering a broad range of insurance, banking, asset management and technology-driven financial services. The company is publicly traded on the Hong Kong and Shanghai stock exchanges, and its American depositary receipts are quoted over the counter under the ticker PIAIF.

At the core of Ping An’s operations is its insurance business, which encompasses life insurance, property and casualty insurance, health insurance and pension products.