Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) Sees Significant Increase in Short Interest

Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 4,219,600 shares, an increase of 20.8% from the May 31st total of 3,494,000 shares. Based on an average daily volume of 27,800 shares, the days-to-cover ratio is currently 151.8 days.

Sinopec Shanghai Petrochemical Price Performance

SPTJF stock remained flat at $0.14 during midday trading on Monday. Sinopec Shanghai Petrochemical has a 52 week low of $0.05 and a 52 week high of $0.29. The company’s fifty day moving average price is $0.14 and its two-hundred day moving average price is $0.13.

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. It operates through five segments: Synthetic Fibers, Resins and Plastics, Intermediate Petrochemicals, Petroleum Products, and Trading of Petrochemical Products.