Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Short Interest Down 34.6% in August

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 86,300 shares, a decrease of 34.6% from the August 15th total of 132,000 shares. Based on an average daily trading volume, of 734,400 shares, the short-interest ratio is currently 0.1 days.

Ping An Insurance (Group) Company of China Price Performance

Shares of PNGAY traded down $0.02 during midday trading on Monday, hitting $9.01. 302,369 shares of the company traded hands, compared to its average volume of 341,982. The stock has a 50-day moving average of $8.88 and a 200-day moving average of $9.19. Ping An Insurance has a one year low of $7.60 and a one year high of $12.08. The firm has a market cap of $82.35 billion, a P/E ratio of 6.42 and a beta of 0.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.51.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.58 earnings per share for the quarter. The firm had revenue of $38.42 billion for the quarter. Ping An Insurance (Group) Company of China had a return on equity of 7.28% and a net margin of 8.70%. As a group, sell-side analysts predict that Ping An Insurance will post 1.85 EPS for the current fiscal year.

Ping An Insurance (Group) Company of China Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, October 28th. Investors of record on Thursday, September 5th will be given a $0.215 dividend. The ex-dividend date is Thursday, September 5th. Ping An Insurance (Group) Company of China’s dividend payout ratio (DPR) is 32.82%.

About Ping An Insurance (Group) Company 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.