Short Interest in Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Declines By 56.1%

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAYGet Rating) was the target of a large decline in short interest in May. As of May 15th, there was short interest totalling 23,400 shares, a decline of 56.1% from the April 30th total of 53,300 shares. Based on an average trading volume of 723,700 shares, the days-to-cover ratio is currently 0.0 days.

Separately, Zacks Investment Research cut shares of Ping An Insurance (Group) Company of China from a “hold” rating to a “sell” rating in a report on Tuesday.

OTCMKTS PNGAY traded up $0.29 during trading hours on Friday, hitting $12.29. The company’s stock had a trading volume of 251,424 shares, compared to its average volume of 371,754. Ping An Insurance has a 12 month low of $11.50 and a 12 month high of $22.15. The company’s 50 day simple moving average is $13.27 and its two-hundred day simple moving average is $14.51. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $112.33 billion, a P/E ratio of 6.94 and a beta of 0.78.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAYGet Rating) last issued its quarterly earnings data on Thursday, March 17th. The company reported $0.35 earnings per share for the quarter. The company had revenue of $47.44 billion for the quarter. Ping An Insurance (Group) Company of China had a net margin of 7.89% and a return on equity of 9.81%. As a group, research analysts predict that Ping An Insurance will post 1.85 earnings per share for the current fiscal year.

The firm also recently announced a dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 1st will be given a dividend of $0.3886 per share. The ex-dividend date is Tuesday, May 31st. This represents a yield of 5.11%. Ping An Insurance (Group) Company of China’s dividend payout ratio (DPR) is 25.42%.

About Ping An Insurance (Group) Company of China (Get Rating)

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and fintech and healthtech businesses in the People's Republic of China. The company's Life and Health Insurance segment offers term, whole-life, endowment, annuity, investment-linked, universal life, and health care and medical insurance to individual and corporate customers.

Featured Articles

Receive News & Ratings for Ping An Insurance (Group) Company of China Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ping An Insurance (Group) Company of China and related companies with MarketBeat.com's FREE daily email newsletter.