SINOPEC Engineering (Group) Co., Ltd. (OTCMKTS:SENGF) Short Interest Down 62.4% in August

SINOPEC Engineering (Group) Co., Ltd. (OTCMKTS:SENGF) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 56,040 shares, a drop of 62.4% from the July 30th total of 149,040 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

SINOPEC Engineering (Group) Price Performance

SINOPEC Engineering (Group) stock opened at $0.67 on Friday. The business has a 50 day moving average price of $0.78 and a two-hundred day moving average price of $0.82. SINOPEC Engineering has a 12 month low of $0.67 and a 12 month high of $1.00.

Institutional Trading of SINOPEC Engineering (Group)

A hedge fund recently bought a new position in SINOPEC Engineering (Group) stock. Ancora Advisors LLC bought a new stake in SINOPEC Engineering (Group) Co., Ltd. (OTCMKTS:SENGF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,427 shares of the company’s stock, valued at approximately $3,960,000.

SINOPEC Engineering (Group) Company Profile

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.