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

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,200 shares, a growth of 200.0% from the November 30th total of 400 shares. Based on an average trading volume of 6,700 shares, the days-to-cover ratio is presently 0.2 days.

PICC Property and Casualty Stock Down 3.1 %

Shares of OTCMKTS:PPCCY opened at $39.00 on Friday. PICC Property and Casualty has a 12 month low of $28.20 and a 12 month high of $45.63. The company has a 50 day moving average of $39.24 and a 200 day moving average of $35.28.

PICC Property and Casualty Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, November 1st will be given a dividend of $0.5872 per share. The ex-dividend date of this dividend is Friday, November 1st. PICC Property and Casualty’s dividend payout ratio (DPR) is currently 49.94%.

About PICC Property and Casualty

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.