Short Interest in Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) Decreases By 87.8%

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 22,747 shares, a drop of 87.8% from the April 15th total of 185,937 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 274,285 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Ping An Insurance Co. of China from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Ping An Insurance Co. of China Stock Performance

Shares of PNGAY traded up $0.09 during midday trading on Wednesday, reaching $16.72. 175,925 shares of the stock were exchanged, compared to its average volume of 142,243. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.60. Ping An Insurance Co. of China has a twelve month low of $11.50 and a twelve month high of $18.92. The company has a market cap of $152.82 billion, a P/E ratio of 7.33 and a beta of 0.35. The stock’s 50 day simple moving average is $15.91 and its 200 day simple moving average is $16.36.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.62 EPS for the quarter. The business had revenue of $34.43 billion during the quarter. Ping An Insurance Co. of China had a return on equity of 10.91% and a net margin of 11.80%. On average, sell-side analysts expect that Ping An Insurance Co. of China will post 2.33 earnings per share for the current year.

Ping An Insurance Co. of China Company Profile

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.