Short Interest in PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Drops By 79.5%

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,500 shares, a drop of 79.5% from the February 28th total of 7,300 shares. Based on an average daily trading volume, of 4,700 shares, the days-to-cover ratio is presently 0.3 days.

PICC Property and Casualty Stock Performance

Shares of PPCCY remained flat at $46.89 during trading hours on Thursday. The stock had a trading volume of 301 shares, compared to its average volume of 1,397. PICC Property and Casualty has a 52-week low of $28.20 and a 52-week high of $47.45. The business’s 50 day moving average price is $42.69 and its two-hundred day moving average price is $39.78.

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.