PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Short Interest Up 45.1% in April

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 10,371 shares, a growth of 45.1% from the March 31st total of 7,148 shares. Based on an average daily volume of 6,627 shares, the short-interest ratio is currently 1.6 days.

PICC Property and Casualty Stock Performance

Shares of OTCMKTS PPCCY opened at $44.72 on Tuesday. The company’s 50 day moving average price is $48.80 and its 200-day moving average price is $53.73. PICC Property and Casualty has a 52-week low of $44.68 and a 52-week high of $66.76.

About PICC Property and Casualty

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.