Short Interest in Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) Grows By 348.7%

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY – Get Free Report) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 102,055 shares, an increase of 348.7% from the April 30th total of 22,747 shares. Based on an average daily volume of 295,899 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Ping An Insurance Co. of China Stock Performance

PNGAY opened at $15.36 on Friday. The company has a market cap of $140.39 billion, a PE ratio of 7.64 and a beta of 0.35. The stock has a 50-day moving average of $15.76 and a 200-day moving average of $16.45. Ping An Insurance Co. of China has a 52-week low of $11.54 and a 52-week high of $18.92. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.93 and a current ratio of 0.93.

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Ping An Insurance Co. of China (OTCMKTS:PNGAY – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.62 earnings per share (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 during the quarter. As a group, equities research analysts forecast that Ping An Insurance Co. of China will post 2.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Read Our Latest Analysis on PNGAY

Ping An Insurance Co. of China Company Profile

(Get Free Report)

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.

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