Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Short Interest Up 69.2% in September

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 146,000 shares, an increase of 69.2% from the August 31st total of 86,300 shares. Based on an average daily volume of 536,600 shares, the days-to-cover ratio is presently 0.3 days.

Ping An Insurance (Group) Company of China Stock Performance

Ping An Insurance (Group) Company of China stock traded up $0.47 during trading on Friday, reaching $12.58. The company had a trading volume of 619,999 shares, compared to its average volume of 291,604. Ping An Insurance has a 52 week low of $7.60 and a 52 week high of $12.69. The firm’s 50-day simple moving average is $9.13 and its 200 day simple moving average is $9.28. The firm has a market capitalization of $114.98 billion, a price-to-earnings ratio of 7.87 and a beta of 0.42. The company has a current ratio of 0.50, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last announced its earnings results on Thursday, August 22nd. The company reported $0.58 EPS for the quarter. Ping An Insurance (Group) Company of China had a return on equity of 7.25% and a net margin of 8.70%. The company had revenue of $38.42 billion for the quarter. Sell-side analysts forecast that Ping An Insurance will post 1.85 earnings per share for the current fiscal year.

Ping An Insurance (Group) Company of China Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, September 5th will be paid a $0.215 dividend. The ex-dividend date is Thursday, September 5th. Ping An Insurance (Group) Company of China’s payout ratio is presently 32.82%.

About Ping An Insurance (Group) Company of China

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.