Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 6,312,505 shares, an increase of 446.6% from the July 15th total of 1,154,904 shares. Based on an average daily volume of 22,883 shares, the days-to-cover ratio is presently 275.9 days.
Sinopec Shanghai Petrochemical Price Performance
Sinopec Shanghai Petrochemical stock opened at $0.14 on Friday. The stock has a 50-day moving average price of $0.15 and a 200 day moving average price of $0.17. Sinopec Shanghai Petrochemical has a 52 week low of $0.12 and a 52 week high of $0.21.
Sinopec Shanghai Petrochemical Company Profile
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.
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