PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Sees Significant Increase in Short Interest

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,200 shares, an increase of 200.0% from the November 30th total of 400 shares. Based on an average daily trading volume, of 6,700 shares, the days-to-cover ratio is currently 0.2 days.

PICC Property and Casualty Stock Performance

Shares of PPCCY stock traded down $1.24 on Friday, hitting $39.00. 659 shares of the stock traded hands, compared to its average volume of 1,928. The company’s fifty day moving average is $39.24 and its 200 day moving average is $35.28. PICC Property and Casualty has a 1-year low of $28.20 and a 1-year high of $45.63.

PICC Property and Casualty Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, November 1st will be given a $0.5872 dividend. The ex-dividend date of this dividend is Friday, November 1st. PICC Property and Casualty’s payout ratio is currently 49.94%.

About PICC Property and Casualty

PICC Property and Casualty Company Limited, together with its subsidiaries, operates as a property and casualty insurance company in the People's Republic of China. It operates through Motor Vehicle, Accidental Injury and Health, Agriculture, Liability, Commercial Property, and Others segments. The company offers accidental injury and medical expenses, short-term health, homeowners, special risk, marine hull, construction, household property, cargo, credit and surety, accidental injury, and other insurance products.