Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) Short Interest Up 112.8% in October

Posted by Casey Walker on Nov 16th, 2024

Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF – Get Free Report) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 11,656,000 shares, an increase of 112.8% from the October 15th total of 5,478,000 shares. Based on an average trading volume of 6,500 shares, the short-interest ratio is currently 1,793.2 days.

Sinopec Shanghai Petrochemical Stock Performance

OTCMKTS SPTJF remained flat at $0.13 during trading on Friday. The company has a fifty day moving average price of $0.15 and a two-hundred day moving average price of $0.14. Sinopec Shanghai Petrochemical has a 1 year low of $0.05 and a 1 year high of $0.29.

About Sinopec Shanghai Petrochemical

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Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, manufactures and sells petroleum and chemical products in the People’s Republic of China. The company operates through Petroleum Products, Intermediate Petrochemicals, Synthetic Fibers, Resins and Plastics, and Trading of Petrochemical Products segments.