Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) Sees Large Increase in Short Interest

Key Points

• Ping An Insurance Co. of China experienced a dramatic increase in short interest, rising by 373.2% from 4,100 shares in August to 19,400 shares in September.
• The company's stock is currently down 0.7%, trading at $13.61, with recent financials showing a price-to-earnings ratio of 7.44 and a market capitalization of $123.92 billion.
• Ping An has announced a dividend of $0.219 per share, set to be paid on November 3rd, representing a significant dividend yield of 424.0%.

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY - Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 19,400 shares, an increase of 373.2% from the August 31st total of 4,100 shares. Based on an average daily volume of 223,900 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 223,900 shares, the short-interest ratio is presently 0.1 days.

Ping An Insurance Co. of China Stock Down 0.7%

OTCMKTS PNGAY opened at $13.61 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average of $14.18 and a two-hundred day moving average of $12.84. The firm has a market capitalization of $123.92 billion, a price-to-earnings ratio of 7.44 and a beta of 0.36. Ping An Insurance Co. of China has a 52 week low of $9.90 and a 52 week high of $15.80.

Ping An Insurance Co. of China (OTCMKTS:PNGAY - Get Free Report) last issued its earnings results on Tuesday, August 26th. The company reported $0.63 earnings per share (EPS) for the quarter. The firm had revenue of $40.08 billion during the quarter. Ping An Insurance Co. of China had a net margin of 10.59% and a return on equity of 9.12%. On average, analysts predict that Ping An Insurance Co. of China will post 2.12 earnings per share for the current year.

Ping An Insurance Co. of China Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, September 12th will be issued a dividend of $0.219 per share. This represents a dividend yield of 424.0%. The ex-dividend date of this dividend is Thursday, September 11th. Ping An Insurance Co. of China's payout ratio is 23.50%.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Ping An Insurance Co. of China from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Ping An Insurance Co. of China presently has a consensus rating of "Hold".

Ping An Insurance Co. 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.

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