Short Interest in SINOPEC Engineering (Group) Co., Ltd. (OTCMKTS:SENGF) Drops By 50.8%

SINOPEC Engineering (Group) Co., Ltd. (OTCMKTS:SENGF) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 76,425 shares, a drop of 50.8% from the April 15th total of 155,425 shares. Based on an average daily volume of 2 shares, the days-to-cover ratio is currently 38,212.5 days.

SINOPEC Engineering (Group) Stock Performance

SINOPEC Engineering (Group) stock remained flat at $0.80 during mid-day trading on Friday. SINOPEC Engineering has a twelve month low of $0.80 and a twelve month high of $1.00. The company has a fifty day simple moving average of $0.84 and a two-hundred day simple moving average of $0.83.

About SINOPEC Engineering (Group)

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.