Short Interest in PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Declines By 79.5%

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 1,500 shares, a drop of 79.5% from the February 28th total of 7,300 shares. Based on an average daily volume of 4,700 shares, the short-interest ratio is currently 0.3 days.

PICC Property and Casualty Price Performance

Shares of OTCMKTS PPCCY remained flat at $46.89 during mid-day trading on Thursday. The company had a trading volume of 301 shares, compared to its average volume of 1,397. The stock’s fifty day moving average price is $42.69 and its 200 day moving average price is $39.78. PICC Property and Casualty has a 52-week low of $28.20 and a 52-week high of $47.45.

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.