Short Interest in Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY) Decreases By 70.0%

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY) was the recipient of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 300 shares, a decline of 70.0% from the May 15th total of 1,000 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is currently 1.0 days.

Shanghai Electric Group Price Performance

Shares of OTCMKTS SIELY opened at $6.70 on Friday. Shanghai Electric Group has a one year low of $3.70 and a one year high of $10.35. The business’s fifty day moving average price is $6.42 and its 200-day moving average price is $6.91.

About Shanghai Electric Group

Shanghai Electric Group Co, Ltd. provides industrial grade green intelligent system solutions in Mainland China and internationally. The company operates through three segments: Energy Equipment, Industrial Equipment, and Integration Services. The Energy Equipment segment designs, manufactures, and sells nuclear power, energy storage, wind power, coal-fired power generation and corollary, and gas-fired power generation equipment; and vessels for chemical industry, as well as provides power grid and industrial intelligent power supply system solutions.