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

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 3,300 shares, an increase of 22.2% from the January 15th total of 2,700 shares. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is currently 1.6 days.

PICC Property and Casualty Stock Up 3.0 %

Shares of OTCMKTS:PPCCY opened at $43.27 on Monday. PICC Property and Casualty has a fifty-two week low of $28.20 and a fifty-two week high of $45.63. The firm has a 50-day simple moving average of $39.80 and a 200 day simple moving average of $37.59.

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.