China Petroleum & Chemical Co. (OTCMKTS:SNPMF) Sees Large Increase in Short Interest

China Petroleum & Chemical Co. (OTCMKTS:SNPMF) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 47,450,200 shares, an increase of 1,276.4% from the October 15th total of 3,447,300 shares. Based on an average daily volume of 34,200 shares, the short-interest ratio is presently 1,387.4 days.

China Petroleum & Chemical Stock Performance

China Petroleum & Chemical stock traded down $0.02 during mid-day trading on Tuesday, hitting $0.54. 69,291 shares of the company were exchanged, compared to its average volume of 92,931. The business has a fifty day moving average of $0.60 and a 200 day moving average of $0.62. China Petroleum & Chemical has a 1-year low of $0.45 and a 1-year high of $0.70.

China Petroleum & Chemical Company Profile

China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas and chemical operations in Mainland China, Singapore, and internationally. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.