PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Short Interest Update

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 6,195 shares, a growth of 142.2% from the February 12th total of 2,558 shares. Based on an average trading volume of 3,075 shares, the days-to-cover ratio is presently 2.0 days. Based on an average trading volume of 3,075 shares, the days-to-cover ratio is presently 2.0 days.

PICC Property and Casualty Stock Performance

Shares of OTCMKTS PPCCY opened at $51.45 on Thursday. The firm has a 50 day moving average price of $52.09 and a two-hundred day moving average price of $56.24. PICC Property and Casualty has a 52-week low of $40.30 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.