Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Sees Significant Decrease in Short Interest

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 86,300 shares, a drop of 34.6% from the August 15th total of 132,000 shares. Based on an average trading volume of 734,400 shares, the days-to-cover ratio is currently 0.1 days.

Ping An Insurance (Group) Company of China Stock Up 1.1 %

PNGAY traded up $0.10 during trading on Friday, reaching $9.03. 482,125 shares of the stock were exchanged, compared to its average volume of 342,206. The stock has a market cap of $82.54 billion, a P/E ratio of 6.89 and a beta of 0.42. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.51 and a current ratio of 0.51. The stock’s 50 day moving average price is $8.88 and its two-hundred day moving average price is $9.19. Ping An Insurance has a twelve month low of $7.60 and a twelve month high of $12.08.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.58 earnings per share (EPS) for the quarter. Ping An Insurance (Group) Company of China had a return on equity of 7.28% and a net margin of 8.70%. The firm had revenue of $38.42 billion for the quarter. Equities analysts expect that Ping An Insurance will post 1.85 EPS for the current year.

Ping An Insurance (Group) Company of China Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, October 28th. Investors 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 dividend payout ratio (DPR) is currently 32.82%.

Ping An Insurance (Group) Company of China Company Profile

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.