Short Interest in Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) Drops By 41.6%

Key Points

• Short interest in Ping An Insurance Co. of China Ltd. dropped by 41.6% in August, falling to 42,300 shares from 72,400 shares at the end of July.
• The company's recent earnings report showed $0.63 earnings per share for the quarter, with revenue reaching $40.08 billion.
• Ping An Insurance declared a $0.219 dividend with a yield of 424.0%, to be paid on November 3rd, showing a payout ratio of 42.08%.

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY - Get Free Report) saw a large decline in short interest in the month of August. As of August 15th, there was short interest totaling 42,300 shares, adeclineof41.6% from the July 31st total of 72,400 shares. Based on an average daily volume of 267,500 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 267,500 shares, the days-to-cover ratio is presently 0.2 days.

Ping An Insurance Co. of China Price Performance

Shares of Ping An Insurance Co. of China stock traded down $0.06 during trading on Friday, hitting $14.16. 161,033 shares of the company's stock traded hands, compared to its average volume of 106,057. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.49 and a quick ratio of 0.49. The firm's fifty day moving average price is $13.90 and its 200 day moving average price is $12.61. Ping An Insurance Co. of China has a twelve month low of $8.60 and a twelve month high of $15.80. The company has a market cap of $128.93 billion, a PE ratio of 7.74 and a beta of 0.36.

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 for the quarter. Ping An Insurance Co. of China had a net margin of 10.59% and a return on equity of 9.18%. The business had revenue of $40.08 billion for the quarter. Analysts forecast 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. Shareholders of record on Friday, September 12th will be given a $0.219 dividend. The ex-dividend date is Thursday, September 11th. This represents a yield of 424.0%. Ping An Insurance Co. of China's payout ratio is 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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