Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Sees Large Drop in Short Interest

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 63,000 shares, a decline of 21.8% from the November 30th total of 80,600 shares. Based on an average trading volume of 439,800 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded Ping An Insurance (Group) Company of China from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd.

Ping An Insurance (Group) Company of China Stock Down 1.5 %

Shares of Ping An Insurance (Group) Company of China stock traded down $0.18 on Friday, hitting $11.81. The company had a trading volume of 102,361 shares, compared to its average volume of 334,511. Ping An Insurance has a 1 year low of $7.60 and a 1 year high of $15.80. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.51 and a current ratio of 0.16. The stock has a 50 day moving average of $12.04 and a 200-day moving average of $10.60. The stock has a market capitalization of $107.94 billion, a price-to-earnings ratio of 6.52 and a beta of 0.41.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last announced its earnings results on Monday, October 21st. The company reported $0.69 EPS for the quarter. Ping An Insurance (Group) Company of China had a net margin of 10.66% and a return on equity of 9.32%. The company had revenue of $42.97 billion during the quarter. As a group, sell-side analysts forecast that Ping An Insurance will post 2.08 earnings per share for the current year.

Ping An Insurance (Group) Company of China Company Profile

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and technology businesses in the People's Republic of China. The company operates through Life and Health Insurance; Property and Casualty Insurance; Banking; Asset Management; and Technology segments.