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

Key Points

• Ping An Insurance Co. of China experienced a 90.3% decline in short interest from 42,300 shares to only 4,100 shares by August 31st.
• The company's stock price is currently at $14.53 with a market capitalization of $132.30 billion and a price-to-earnings ratio of 7.94.
• Ping An recently announced a dividend of $0.219 per share, which will yield 424.0%, with a payout ratio of 42.08%.

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY - Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 4,100 shares, a decline of 90.3% from the August 15th total of 42,300 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 196,800 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 196,800 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Ping An Insurance Co. of China Stock Performance

PNGAY stock traded down $0.30 during trading on Tuesday, hitting $14.15. The company had a trading volume of 106,219 shares, compared to its average volume of 184,274. The firm has a market cap of $128.84 billion, a PE ratio of 7.73 and a beta of 0.36. Ping An Insurance Co. of China has a 1-year low of $9.06 and a 1-year high of $15.80. The firm has a 50-day moving average price of $14.11 and a 200-day moving average price of $12.73. The company has a quick ratio of 0.49, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Ping An Insurance Co. of China (OTCMKTS:PNGAY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 26th. The company reported $0.63 earnings per share for the quarter. Ping An Insurance Co. of China had a return on equity of 9.12% and a net margin of 10.59%.The company had revenue of $40.08 billion for the quarter. On average, analysts expect 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 declared a dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, September 12th will be paid a dividend of $0.219 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a dividend yield of 424.0%. Ping An Insurance Co. of China's payout ratio is 23.50%.

About Ping An Insurance Co. of China

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.