Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Short Interest Down 94.7% in March

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 24,500 shares, a decline of 94.7% from the March 15th total of 465,300 shares. Based on an average daily volume of 283,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Ping An Insurance (Group) Company of China Price Performance

PNGAY traded up $0.20 during trading on Tuesday, reaching $11.25. 219,644 shares of the company’s stock were exchanged, compared to its average volume of 253,969. Ping An Insurance has a 1 year low of $7.60 and a 1 year high of $15.80. The company’s fifty day simple moving average is $11.84 and its 200-day simple moving average is $11.92. The stock has a market capitalization of $102.43 billion, a P/E ratio of 6.22 and a beta of 0.32.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last posted its earnings results on Wednesday, March 19th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The business had revenue of $38.87 billion for the quarter. Ping An Insurance (Group) Company of China had a net margin of 10.66% and a return on equity of 9.32%. Equities analysts forecast that Ping An Insurance will post 2.12 EPS for the current year.

Ping An Insurance (Group) Company of China Company Profile

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.