PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Short Interest Down 88.0% in June

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 1,000 shares, a drop of 88.0% from the May 31st total of 8,300 shares. Based on an average trading volume of 2,500 shares, the short-interest ratio is currently 0.4 days.

PICC Property and Casualty Stock Performance

OTCMKTS PPCCY traded down $0.11 during trading hours on Friday, reaching $31.07. The company’s stock had a trading volume of 3,736 shares, compared to its average volume of 1,865. The business has a 50-day simple moving average of $31.95 and a 200 day simple moving average of $31.75. PICC Property and Casualty has a 52 week low of $25.85 and a 52 week high of $35.60.

PICC Property and Casualty Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, August 26th. Shareholders of record on Monday, July 8th will be issued a $1.447 dividend. The ex-dividend date of this dividend is Monday, July 8th. PICC Property and Casualty’s dividend payout ratio is currently 49.94%.

PICC Property and Casualty Company Profile

PICC Property and Casualty Company Limited, together with its subsidiaries, operates as a property and casualty insurance company in the People's Republic of China. It operates through Motor Vehicle, Accidental Injury and Health, Agriculture, Liability, Commercial Property, and Others segments. The company offers accidental injury and medical expenses, short-term health, homeowners, special risk, marine hull, construction, household property, cargo, credit and surety, accidental injury, and other insurance products.