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

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,200 shares, a growth of 200.0% from the November 30th total of 400 shares. Based on an average trading volume of 6,700 shares, the short-interest ratio is presently 0.2 days.

PICC Property and Casualty Trading Down 3.1 %

PPCCY opened at $39.00 on Friday. The stock has a 50-day moving average price of $39.24 and a 200-day moving average price of $35.28. PICC Property and Casualty has a 12-month low of $28.20 and a 12-month high of $45.63.

PICC Property and Casualty Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, November 1st will be paid a $0.5872 dividend. The ex-dividend date of this dividend is Friday, November 1st. PICC Property and Casualty’s dividend payout ratio is currently 49.94%.

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.