PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Short Interest Up 45.1% in April

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 10,371 shares, a growth of 45.1% from the March 31st total of 7,148 shares. Based on an average trading volume of 6,627 shares, the days-to-cover ratio is presently 1.6 days.

PICC Property and Casualty Price Performance

Shares of PPCCY traded up $2.13 during mid-day trading on Wednesday, reaching $46.20. 1,915 shares of the company were exchanged, compared to its average volume of 2,916. PICC Property and Casualty has a 52 week low of $43.07 and a 52 week high of $66.76. The business has a 50 day simple moving average of $48.62 and a two-hundred day simple moving average of $53.63.

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.