Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) Sees Large Decline in Short Interest

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY – Get Free Report) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 22,764 shares, a decrease of 69.7% from the May 31st total of 75,099 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 459,517 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

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

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Ping An Insurance Co. of China Trading Up 1.1%

Ping An Insurance Co. of China stock opened at $13.21 on Tuesday. The business has a 50-day simple moving average of $15.21 and a two-hundred day simple moving average of $16.35. The company has a market cap of $120.74 billion, a P/E ratio of 6.57 and a beta of 0.32. Ping An Insurance Co. of China has a 52-week low of $12.60 and a 52-week high of $18.92. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.60.

Ping An Insurance Co. of China (OTCMKTS:PNGAY – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.62 earnings per share for the quarter. The firm had revenue of $34.43 billion for the quarter. Ping An Insurance Co. of China had a net margin of 11.80% and a return on equity of 10.91%. Analysts predict that Ping An Insurance Co. of China will post 2.33 EPS for the current year.

About Ping An Insurance Co. of China

(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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