PICC Property and Casualty Company Limited (OTCMKTS:PPCCY – Get Free Report) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 1,516 shares, a decline of 69.8% from the July 30th total of 5,016 shares. Based on an average trading volume of 3,644 shares, the days-to-cover ratio is currently 0.4 days.
PICC Property and Casualty Trading Down 2.7%
PICC Property and Casualty stock opened at $50.94 on Friday. The firm’s 50 day moving average price is $48.65 and its two-hundred day moving average price is $48.53. PICC Property and Casualty has a twelve month low of $42.79 and a twelve month 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.
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