Short Interest in Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) Increases By 348.7%

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 102,055 shares, a growth of 348.7% from the April 30th total of 22,747 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 295,899 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Ping An Insurance Co. of China from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Ping An Insurance Co. of China Price Performance

Shares of OTCMKTS:PNGAY traded up $0.13 during trading on Friday, reaching $15.36. 141,441 shares of the company’s stock traded hands, compared to its average volume of 135,684. Ping An Insurance Co. of China has a fifty-two week low of $11.54 and a fifty-two week high of $18.92. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.60. The firm has a market cap of $140.39 billion, a PE ratio of 7.64 and a beta of 0.35. The company has a 50-day simple moving average of $15.76 and a 200-day simple moving average of $16.45.

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

About Ping An Insurance Co. of China

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.