Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY - Get Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 115,800 shares, a growth of 83.8% from the December 31st total of 63,000 shares. Based on an average trading volume of 330,500 shares, the days-to-cover ratio is presently 0.4 days.
Ping An Insurance (Group) Company of China Stock Down 2.0 %
Shares of OTCMKTS:PNGAY opened at $11.30 on Friday. Ping An Insurance has a fifty-two week low of $7.60 and a fifty-two week high of $15.80. The firm's 50-day simple moving average is $11.46 and its 200-day simple moving average is $10.89. The company has a market cap of $102.89 billion, a price-to-earnings ratio of 6.25 and a beta of 0.41.
Analysts Set New Price Targets
Separately, Jefferies Financial Group cut shares of Ping An Insurance (Group) Company of China from a "buy" rating to a "hold" rating in a report on Tuesday, October 22nd.
Read Our Latest Research Report on PNGAY
About Ping An Insurance (Group) Company of China
(
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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.
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