PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Sees Large Decline in Short Interest

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 4,600 shares, a decrease of 14.8% from the April 30th total of 5,400 shares. Based on an average daily trading volume, of 2,200 shares, the short-interest ratio is currently 2.1 days.

PICC Property and Casualty Stock Down 3.5%

PICC Property and Casualty stock opened at $47.60 on Thursday. PICC Property and Casualty has a one year low of $28.20 and a one year high of $50.24. The business’s fifty day moving average is $46.37 and its 200 day moving average is $42.86.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised PICC Property and Casualty to a “buy” rating in a research report on Tuesday, May 27th.

About PICC Property and Casualty

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.