China Pacific Insurance (Group) Co., Ltd. (OTCMKTS:CHPXF – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,550,528 shares, an increase of 225.8% from the April 30th total of 475,928 shares. Based on an average trading volume of 6,582 shares, the days-to-cover ratio is currently 235.6 days.
China Pacific Insurance (Group) Stock Performance
CHPXF opened at $4.09 on Friday. China Pacific Insurance has a one year low of $3.85 and a one year high of $5.54. The business’s 50-day simple moving average is $4.28 and its 200-day simple moving average is $4.54.
About China Pacific Insurance (Group)
China Pacific Insurance (Group) Co, Ltd. (OTCMKTS: CHPXF), commonly known as CPIC, is one of China’s leading insurance conglomerates, headquartered in Shanghai. Established in 1991, the group operates through two primary subsidiaries: China Pacific Property Insurance Company and China Pacific Life Insurance Company. Together, these entities provide a comprehensive suite of insurance products designed to meet the risk management and financial protection needs of individuals, families and businesses across mainland China.
In the property and casualty segment, CPIC offers a broad range of coverage including automobile, homeowners, liability and commercial insurance lines.
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