Short Interest in Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) Decreases By 36.3%

Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 5,708,000 shares, a decline of 36.3% from the May 15th total of 8,958,000 shares. Based on an average daily trading volume, of 4,000 shares, the days-to-cover ratio is currently 1,427.0 days.

Sinopec Shanghai Petrochemical Price Performance

Shares of OTCMKTS SPTJF opened at $0.16 on Tuesday. Sinopec Shanghai Petrochemical has a 52 week low of $0.10 and a 52 week high of $0.19. The firm’s fifty day moving average is $0.15 and its 200 day moving average is $0.15.

Sinopec Shanghai Petrochemical Company Profile

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.