PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Short Interest Down 88.0% in June

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totalling 1,000 shares, a drop of 88.0% from the May 31st total of 8,300 shares. Based on an average daily volume of 2,500 shares, the short-interest ratio is presently 0.4 days.

PICC Property and Casualty Stock Down 0.4 %

PICC Property and Casualty stock traded down $0.11 during mid-day trading on Friday, reaching $31.07. The company’s stock had a trading volume of 3,736 shares, compared to its average volume of 1,865. PICC Property and Casualty has a 12 month low of $25.85 and a 12 month high of $35.60. The business’s 50 day simple moving average is $31.95 and its 200 day simple moving average is $31.75.

PICC Property and Casualty Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, August 26th. Investors of record on Monday, July 8th will be given a $1.447 dividend. The ex-dividend date is Monday, July 8th. PICC Property and Casualty’s dividend payout ratio (DPR) is currently 49.94%.

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.