PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Short Interest Update

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totalling 1,000 shares, a drop of 88.0% from the May 31st total of 8,300 shares. Based on an average daily trading volume, of 2,500 shares, the days-to-cover ratio is presently 0.4 days.

PICC Property and Casualty Trading Down 0.4 %

Shares of PPCCY traded down $0.11 during mid-day trading on Friday, reaching $31.07. The company had a trading volume of 3,736 shares, compared to its average volume of 1,865. The company’s 50 day simple moving average is $31.95 and its 200 day simple moving average is $31.75. PICC Property and Casualty has a 1-year low of $25.85 and a 1-year high of $35.60.

PICC Property and Casualty Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, August 26th. Stockholders of record on Monday, July 8th will be paid a $1.447 dividend. The ex-dividend date of this dividend is Monday, July 8th. PICC Property and Casualty’s dividend payout ratio is currently 49.94%.

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.