Protective Insurance Corp (NASDAQ:PTVCA) Short Interest Down 50.0% in August
Protective Insurance Corp (NASDAQ:PTVCA) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 500 shares, a decline of 50.0% from the July 31st total of 1,000 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.0% of the company’s shares are short sold.
PTVCA stock traded down $0.04 during midday trading on Friday, hitting $15.56. The company had a trading volume of 2,900 shares, compared to its average volume of 2,014. Protective Insurance has a 52 week low of $15.05 and a 52 week high of $23.35. The stock’s 50 day moving average price is $16.08 and its 200 day moving average price is $17.29.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 annualized dividend and a yield of 2.57%.
About Protective Insurance
Protective Insurance Corporation, through its subsidiaries, engages in marketing and underwriting property and casualty insurance products. The company offers a range of fleet transportation insurance products, including commercial motor vehicle liability, physical damage, and general liability insurance; workers compensation insurance; medical and indemnity insurance products; non-trucking motor vehicle liability insurance; fidelity and surety bonds; and inland marine products consisting of cargo insurance.
Featured Article: How to Invest in a Bull Market
Receive News & Ratings for Protective Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Protective Insurance and related companies with MarketBeat.com's FREE daily email newsletter.