Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) Short Interest Update

Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) was the target of a large increase in short interest during the month of 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 daily trading volume, of 6,500 shares, the days-to-cover ratio is currently 1,793.2 days.

Sinopec Shanghai Petrochemical Price Performance

OTCMKTS SPTJF traded down $0.04 during trading on Wednesday, reaching $0.13. The company’s stock had a trading volume of 108,000 shares, compared to its average volume of 39,832. The business has a 50-day moving average price of $0.15 and a 200-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

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.