Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) Short Interest Update

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 102,055 shares, a growth of 348.7% from the April 30th total of 22,747 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 295,899 shares, the days-to-cover ratio is currently 0.3 days.

Ping An Insurance Co. of China Stock Performance

Shares of OTCMKTS PNGAY opened at $15.23 on Friday. The business has a fifty day simple moving average of $15.77 and a 200 day simple moving average of $16.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $139.20 billion, a price-to-earnings ratio of 7.57 and a beta of 0.35. Ping An Insurance Co. of China has a one year low of $11.54 and a one year high of $18.92.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last issued its earnings results on Tuesday, April 28th. The company reported $0.62 EPS for the quarter. The business had revenue of $34.43 billion during the quarter. Ping An Insurance Co. of China had a return on equity of 10.91% and a net margin of 11.80%. Sell-side analysts expect that Ping An Insurance Co. of China will post 2.33 EPS for the current year.

Analyst Ratings Changes

Separately, Zacks Research upgraded Ping An Insurance Co. of China from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

About Ping An Insurance Co. of China

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.