PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Sees Significant Growth in Short Interest

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 6,800 shares, an increase of 33.3% from the March 31st total of 5,100 shares. Based on an average trading volume of 2,400 shares, the short-interest ratio is currently 2.8 days.

PICC Property and Casualty Stock Performance

Shares of PPCCY stock traded up $0.31 during mid-day trading on Friday, hitting $32.47. The company’s stock had a trading volume of 971 shares, compared to its average volume of 1,610. The company’s fifty day simple moving average is $33.20 and its 200-day simple moving average is $31.03. PICC Property and Casualty has a 52 week low of $25.85 and a 52 week high of $35.60.

PICC Property and Casualty Company Profile

PICC Property and Casualty Company Limited, together with its subsidiaries, operates as a property and casualty insurance company in the People's Republic of China. It operates through Motor Vehicle, Accidental Injury and Health, Agriculture, Liability, Commercial Property, and Others segments. The company offers accidental injury and medical expenses, short-term health, homeowners, special risk, marine hull, construction, household property, cargo, credit and surety, accidental injury, and other insurance products.