SINOPEC Engineering (Group) Co., Ltd. (OTCMKTS:SENGF) Sees Significant Growth in Short Interest

SINOPEC Engineering (Group) Co., Ltd. (OTCMKTS:SENGF) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 149,040 shares, an increase of 166.0% from the July 15th total of 56,040 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Institutional Investors Weigh In On SINOPEC Engineering (Group)

An institutional investor recently bought a new stake in SINOPEC Engineering (Group) stock. Ancora Advisors LLC bought a new position in SINOPEC Engineering (Group) Co., Ltd. (OTCMKTS:SENGF) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,427 shares of the company’s stock, valued at approximately $3,960,000.

SINOPEC Engineering (Group) Price Performance

SENGF opened at $0.78 on Friday. The firm has a 50-day simple moving average of $0.78 and a two-hundred day simple moving average of $0.83. SINOPEC Engineering has a 52 week low of $0.76 and a 52 week high of $1.00.

About SINOPEC Engineering (Group)

Sinopec Engineering (Group) Co, Ltd. (OTCMKTS: SENGF) is a leading engineering, procurement and construction (EPC) contractor serving the petroleum and chemical industries. As a subsidiary of China Petroleum & Chemical Corporation (Sinopec), the company specializes in the design and delivery of complex refining, petrochemical and chemical projects. Its service offerings encompass front‐end engineering and design (FEED), detailed engineering, procurement of equipment and materials, project management, construction supervision and start‐up support.