PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Short Interest Up 200.0% in December

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the target of a significant growth in short interest in 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 short-interest ratio is currently 0.2 days.

PICC Property and Casualty Price Performance

PPCCY traded up $0.54 during midday trading on Thursday, reaching $40.24. The company’s stock had a trading volume of 560 shares, compared to its average volume of 1,934. PICC Property and Casualty has a 1 year low of $28.20 and a 1 year high of $45.63. The stock’s 50-day moving average is $39.19 and its 200-day moving average is $35.20.

PICC Property and Casualty Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 10th. Investors of record on Friday, November 1st will be paid a $0.5872 dividend. The ex-dividend date is Friday, November 1st. PICC Property and Casualty’s payout ratio is currently 49.94%.

PICC Property and Casualty Company Profile

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.