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

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) saw a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 73,900 shares, a decrease of 70.1% from the October 31st total of 246,800 shares. Based on an average daily volume of 420,800 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut 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 Price Performance

OTCMKTS:PNGAY traded up $0.41 during mid-day trading on Wednesday, reaching $11.74. The stock had a trading volume of 104,220 shares, compared to its average volume of 346,658. Ping An Insurance has a 12 month low of $7.60 and a 12 month high of $15.80. The stock has a market capitalization of $107.31 billion, a PE ratio of 6.49 and a beta of 0.43. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.16 and a quick ratio of 0.51. The stock has a 50-day simple moving average of $12.33 and a two-hundred day simple moving average of $10.41.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last released its quarterly earnings data on Monday, October 21st. The company reported $0.69 earnings per share for the quarter. The business had revenue of $42.97 billion for the quarter. Ping An Insurance (Group) Company of China had a return on equity of 9.32% and a net margin of 10.66%. On average, equities analysts anticipate that Ping An Insurance will post 2.08 earnings per share for the current year.

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.