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

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

Sinopec Shanghai Petrochemical Stock Performance

SPTJF remained flat at $0.14 on Friday. Sinopec Shanghai Petrochemical has a 12-month low of $0.05 and a 12-month high of $0.29. The company’s 50 day moving average is $0.14 and its 200 day moving average is $0.13.

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