Short Interest in Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Drops By 36.8%

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 132,000 shares, a drop of 36.8% from the July 31st total of 208,700 shares. Based on an average daily volume of 717,400 shares, the days-to-cover ratio is presently 0.2 days.

Ping An Insurance (Group) Company of China Stock Up 1.2 %

Shares of Ping An Insurance (Group) Company of China stock opened at $9.29 on Wednesday. Ping An Insurance has a 1-year low of $7.60 and a 1-year high of $12.82. The company has a market capitalization of $84.91 billion, a P/E ratio of 7.09 and a beta of 0.41. The business’s fifty day moving average price is $8.93 and its two-hundred day moving average price is $9.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.51.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.58 earnings per share for the quarter. Ping An Insurance (Group) Company of China had a net margin of 8.22% and a return on equity of 6.80%. The business had revenue of $38.42 billion during the quarter. As a group, research analysts forecast that Ping An Insurance will post 1.84 EPS for the current year.

Ping An Insurance (Group) Company of China Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, September 5th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Thursday, September 5th. Ping An Insurance (Group) Company of China’s dividend payout ratio is presently 54.20%.

Ping An Insurance (Group) Company of China Company Profile

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and technology businesses in the People's Republic of China. The company operates through Life and Health Insurance; Property and Casualty Insurance; Banking; Asset Management; and Technology segments.