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

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 3,400 shares, an increase of 54.5% from the September 30th total of 2,200 shares. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is presently 1.4 days.

PICC Property and Casualty Stock Down 2.8 %

OTCMKTS:PPCCY traded down $1.18 during trading on Friday, reaching $40.50. The company’s stock had a trading volume of 6,616 shares, compared to its average volume of 1,768. PICC Property and Casualty has a 12 month low of $27.64 and a 12 month high of $45.63. The firm has a 50 day moving average of $35.71 and a 200-day moving average of $33.09.

PICC Property and Casualty Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 10th. Investors of record on Friday, November 1st will be paid a $0.5872 dividend. The ex-dividend date is Friday, November 1st. PICC Property and Casualty’s dividend payout ratio is currently 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.