Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) Short Interest Update

Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 755,789 shares, an increase of 188.5% from the May 31st total of 261,989 shares. Based on an average daily volume of 564 shares, the short-interest ratio is presently 1,340.1 days.

Sinopec Shanghai Petrochemical Price Performance

SPTJF stock opened at $0.15 on Friday. Sinopec Shanghai Petrochemical has a fifty-two week low of $0.13 and a fifty-two week high of $0.21. The business has a 50-day moving average of $0.16 and a 200-day moving average of $0.17.

About Sinopec Shanghai Petrochemical

Sinopec Shanghai Petrochemical Company Limited is a leading integrated petrochemical enterprise based in Shanghai, China. Established in the early 1970s as one of the country’s first major refining and petrochemical complexes, it was incorporated in its current listed form in 2000. As a subsidiary of China Petroleum & Chemical Corporation (Sinopec), the company operates one of Asia’s largest single-site oil refining and petrochemical facilities in the Jinshan District of Shanghai.

The company’s core business activities encompass the refining of crude oil into automotive and industrial fuels, as well as the production of a broad range of basic and intermediate petrochemical products.