PICC Property and Casualty Company Limited (OTCMKTS:PPCCY – Get Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,117 shares, an increase of 105.6% from the August 15th total of 1,516 shares. Based on an average daily volume of 1,734 shares, the short-interest ratio is presently 1.8 days.
PICC Property and Casualty Stock Up 3.8%
PPCCY opened at $56.39 on Tuesday. PICC Property and Casualty has a one year low of $42.79 and a one year high of $66.76. The business has a 50 day simple moving average of $50.36 and a two-hundred day simple moving average of $48.60.
PICC Property and Casualty Company Profile
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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