PICC Property and Casualty Company Limited (OTCMKTS:PPCCY – Get Free Report) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 5,016 shares, a growth of 76.7% from the July 15th total of 2,839 shares. Based on an average daily trading volume, of 7,641 shares, the short-interest ratio is presently 0.7 days.
PICC Property and Casualty Stock Up 1.7%
Shares of PPCCY stock traded up $0.84 during trading on Tuesday, hitting $50.00. 161 shares of the stock traded hands, compared to its average volume of 3,296. The firm’s fifty day moving average price is $48.26 and its 200-day moving average price is $48.50. PICC Property and Casualty has a 52-week low of $42.79 and a 52-week high of $66.76.
About PICC Property and Casualty
PICC Property and Casualty Company Limited (OTCMKTS: PPCCY) is a major provider of property and casualty insurance in the People’s Republic of China. A subsidiary of the state‐owned People’s Insurance Company of China Group, PICC P&C underwrites a broad range of general insurance products tailored to both individual and corporate clients. Its core offerings include motor vehicle insurance, commercial property policies, liability coverage, cargo and marine insurance, as well as specialized solutions for agriculture, credit, and guarantee risks.
In addition to its standard lines of coverage, PICC P&C has expanded into personal lines such as accident and health insurance, and it also provides reinsurance services.
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