Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) Stock Short Interest Declines 40.2%

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 199,227 shares, a drop of 40.2% from the September 30th total of 333,333 shares. Based on an average daily trading volume, of 456,800 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Ping An Insurance Co. of China Trading Up 1.4%

Shares of PNGAY stock opened at $12.92 on Tuesday. Ping An Insurance Co. of China has a 52-week low of $12.03 and a 52-week high of $18.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.47 and a current ratio of 0.46. The firm has a market capitalization of $118.09 billion, a PE ratio of 7.28 and a beta of 0.33. The stock has a fifty day simple moving average of $13.51 and a two-hundred day simple moving average of $15.13.

Ping An Insurance Co. of China (OTCMKTS:PNGAY – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.06 EPS for the quarter. The company had revenue of $25.55 billion for the quarter. Ping An Insurance Co. of China had a net margin of 9.67% and a return on equity of 8.10%. On average, analysts predict that Ping An Insurance Co. of China will post 2.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research lowered Ping An Insurance Co. of China from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

View Our Latest Stock Report on Ping An Insurance Co. of China

About Ping An Insurance Co. of China

(Get Free Report)

Ping An Insurance (Group) Company of China Ltd. is a China-based integrated financial services group founded in 1988 and headquartered in Shenzhen. The company provides insurance, banking, investment and technology-related services through a range of subsidiaries and business units.

Its insurance operations include life and health insurance, property and casualty insurance, annuities and related financial protection products. Ping An also offers banking services, asset management and investment products, as well as healthcare and automotive-related services supported by its technology platforms.

Ping An primarily serves customers in mainland China through digital channels and an extensive network of agents, branches and service providers.

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