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. Based on an average trading volume of 196,800 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 196,800 shares, the short-interest ratio is presently 0.0 days.

Ping An Insurance Co. of China Stock Performance

Ping An Insurance Co. of China stock traded down $0.09 during trading on Thursday, reaching $14.53. The company had a trading volume of 249,371 shares, compared to its average volume of 185,500. The firm has a market capitalization of $132.30 billion, a price-to-earnings ratio of 7.94 and a beta of 0.36. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.60. Ping An Insurance Co. of China has a 52 week low of $8.87 and a 52 week high of $15.80. The firm's 50-day simple moving average is $14.00 and its 200 day simple moving average is $12.67.

Ping An Insurance Co. of China (OTCMKTS:PNGAY - Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.63 EPS for the quarter. Ping An Insurance Co. of China had a return on equity of 9.18% and a net margin of 10.59%.The business had revenue of $40.08 billion during the quarter. Sell-side analysts forecast that Ping An Insurance Co. of China will post 2.12 earnings per share for the current fiscal year.

Ping An Insurance Co. of China Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, September 12th will be given a $0.219 dividend. This represents a 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 currently 42.08%.

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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