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

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) saw a significant 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 daily volume of 6,700 shares, the days-to-cover ratio is currently 0.2 days.

PICC Property and Casualty Stock Performance

Shares of PPCCY stock traded up $0.54 on Thursday, reaching $40.24. The stock had a trading volume of 560 shares, compared to its average volume of 1,934. PICC Property and Casualty has a 1 year low of $28.20 and a 1 year high of $45.63. The company has a 50 day simple moving average of $39.19 and a 200 day simple moving average of $35.20.

PICC Property and Casualty Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.5872 per share. The ex-dividend date of this dividend is Friday, November 1st. PICC Property and Casualty’s dividend payout ratio is presently 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.