Short Interest in Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Rises By 83.8%

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 115,800 shares, an increase of 83.8% from the December 31st total of 63,000 shares. Based on an average daily volume of 330,500 shares, the days-to-cover ratio is presently 0.4 days.

Ping An Insurance (Group) Company of China Price Performance

Shares of PNGAY opened at $11.30 on Friday. Ping An Insurance has a 1 year low of $7.60 and a 1 year high of $15.80. The stock’s fifty day moving average price is $11.46 and its two-hundred day moving average price is $10.90. The firm has a market cap of $102.89 billion, a PE ratio of 6.24 and a beta of 0.41.

Analyst Ratings Changes

Separately, Jefferies Financial Group downgraded Ping An Insurance (Group) Company of China from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd.

About Ping An Insurance (Group) Company of China

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and technology businesses in the People's Republic of China. The company operates through Life and Health Insurance; Property and Casualty Insurance; Banking; Asset Management; and Technology segments.