PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Short Interest Update

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 2,839 shares, a decline of 70.2% from the June 30th total of 9,517 shares. Based on an average daily trading volume, of 16,267 shares, the short-interest ratio is presently 0.2 days.

PICC Property and Casualty Price Performance

Shares of OTCMKTS:PPCCY traded up $4.24 during trading on Tuesday, reaching $51.31. The company had a trading volume of 1,950 shares, compared to its average volume of 3,421. The company has a fifty day moving average of $46.95 and a two-hundred day moving average of $48.62. PICC Property and Casualty has a 12 month low of $42.79 and a 12 month high of $66.76.

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.