Short Interest in Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) Expands By 157.5%

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 40,027 shares, an increase of 157.5% from the June 30th total of 15,545 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 594,551 shares, the short-interest ratio is currently 0.1 days.

Ping An Insurance Co. of China Trading Up 0.1%

OTCMKTS:PNGAY traded up $0.01 during midday trading on Wednesday, hitting $14.75. The stock had a trading volume of 62,190 shares, compared to its average volume of 193,978. Ping An Insurance Co. of China has a one year low of $12.84 and a one year high of $18.92. The company has a market capitalization of $134.82 billion, a price-to-earnings ratio of 7.33 and a beta of 0.35. The stock has a 50-day moving average of $14.28 and a 200 day moving average of $15.89. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.60.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.62 EPS for the quarter. Ping An Insurance Co. of China had a return on equity of 10.91% and a net margin of 11.80%.The company had revenue of $34.43 billion for the quarter. As a group, sell-side analysts forecast that Ping An Insurance Co. of China will post 2.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Ping An Insurance Co. of China from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Ping An Insurance Co. of China presently has an average rating of “Hold”.

About Ping An Insurance Co. of China

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.