Short Interest in Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Decreases By 75.6%


Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY – Get Rating) saw a large decrease in short interest in May. As of May 31st, there was short interest totaling 5,700 shares, a decrease of 75.6% from the May 15th total of 23,400 shares. Based on an average daily trading volume, of 624,900 shares, the days-to-cover ratio is currently 0.0 days.

OTCMKTS:PNGAY traded down $0.26 during trading hours on Friday, hitting $12.12. The company had a trading volume of 228,428 shares, compared to its average volume of 279,569. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average of $12.85 and a 200-day moving average of $14.33. Ping An Insurance has a 1 year low of $11.50 and a 1 year high of $21.24.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY – Get Rating) last issued its earnings results on Thursday, March 17th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $47.44 billion during the quarter. Ping An Insurance (Group) Company of China had a return on equity of 9.81% and a net margin of 7.89%. On average, research analysts expect that Ping An Insurance will post 1.85 earnings per share for the current year.

The firm also recently declared a dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 1st will be paid a $0.3886 dividend. This represents a dividend yield of 5.11%. The ex-dividend date is Tuesday, May 31st. Ping An Insurance (Group) Company of China’s dividend payout ratio (DPR) is currently 44.07%.

About Ping An Insurance (Group) Company of China (Get Rating)

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and fintech and healthtech businesses in the People’s Republic of China. The company’s Life and Health Insurance segment offers term, whole-life, endowment, annuity, investment-linked, universal life, and health care and medical insurance to individual and corporate customers.

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