PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Sees Large Decrease in Short Interest

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

PICC Property and Casualty Stock Performance

Shares of PPCCY stock traded down $0.40 on Wednesday, hitting $46.89. 652 shares of the stock traded hands, compared to its average volume of 1,397. PICC Property and Casualty has a 1-year low of $28.20 and a 1-year high of $47.45. The company’s fifty day moving average is $42.69 and its 200 day moving average is $39.78.

PICC Property and Casualty Company Profile

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.