Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Sees Large Growth in Short Interest

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 115,800 shares, a growth of 83.8% from the December 31st total of 63,000 shares. Based on an average daily volume of 330,500 shares, the short-interest ratio is currently 0.4 days.

Ping An Insurance (Group) Company of China Trading Down 2.0 %

Ping An Insurance (Group) Company of China stock opened at $11.30 on Friday. Ping An Insurance has a 12 month low of $7.60 and a 12 month high of $15.80. The business’s fifty day simple moving average is $11.46 and its two-hundred day simple moving average is $10.90. The company has a market capitalization of $102.89 billion, a price-to-earnings ratio of 6.24 and a beta of 0.41.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut Ping An Insurance (Group) Company of China from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd.

Ping An Insurance (Group) Company of China Company Profile

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and technology businesses in the People's Republic of China. The company operates through Life and Health Insurance; Property and Casualty Insurance; Banking; Asset Management; and Technology segments.