Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) Short Interest Down 69.7% in June

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 22,764 shares, a decline of 69.7% from the May 31st total of 75,099 shares. Based on an average daily volume of 459,517 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Ping An Insurance Co. of China from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Ping An Insurance Co. of China Stock Up 1.5%

PNGAY stock traded up $0.20 during trading hours on Monday, reaching $13.26. 33,442 shares of the stock were exchanged, compared to its average volume of 179,613. The firm’s 50-day moving average is $15.27 and its 200-day moving average is $16.36. The company has a market cap of $121.20 billion, a price-to-earnings ratio of 6.59 and a beta of 0.32. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.93. Ping An Insurance Co. of China has a 12 month low of $12.60 and a 12 month high of $18.92.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.62 earnings per share (EPS) for the quarter. The firm had revenue of $34.43 billion for the quarter. Ping An Insurance Co. of China had a return on equity of 10.91% and a net margin of 11.80%. On average, equities research analysts expect that Ping An Insurance Co. of China will post 2.33 earnings per share for the current year.

About Ping An Insurance Co. of China

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.