Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Short Interest Update

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

Analysts Set New Price Targets

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

Ping An Insurance (Group) Company of China Stock Performance

Shares of OTCMKTS:PNGAY opened at $11.30 on Friday. The business’s 50-day simple moving average is $11.46 and its 200 day simple moving average is $10.89. The company has a market cap of $102.89 billion, a P/E ratio of 6.25 and a beta of 0.41. Ping An Insurance has a one year low of $7.60 and a one year high of $15.80.

About Ping An Insurance (Group) Company of China

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.