China Petroleum & Chemical Co. (OTCMKTS:SNPMF) Short Interest Down 69.4% in July

China Petroleum & Chemical Co. (OTCMKTS:SNPMF) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 41,784,638 shares, a drop of 69.4% from the July 15th total of 136,704,524 shares. Based on an average daily volume of 51,100 shares, the short-interest ratio is presently 817.7 days.

China Petroleum & Chemical Trading Down 1.0%

Shares of OTCMKTS:SNPMF traded down $0.01 during mid-day trading on Friday, reaching $0.55. The company had a trading volume of 300 shares, compared to its average volume of 53,446. China Petroleum & Chemical has a one year low of $0.48 and a one year high of $0.72. The company’s 50-day moving average price is $0.54 and its 200-day moving average price is $0.59.

About China Petroleum & Chemical

China Petroleum & Chemical Corporation (OTCMKTS: SNPMF), commonly known as Sinopec, is one of China’s largest integrated energy and chemical companies. Established in 1998 and headquartered in Beijing, Sinopec operates across the full hydrocarbon value chain, encompassing exploration and production of crude oil and natural gas, refining, marketing and distribution of petroleum products, as well as the manufacture of a broad array of petrochemicals. The company manages extensive refining facilities, petrochemical complexes and a nationwide retail network of service stations.

On the upstream side, Sinopec engages in onshore and offshore exploration and production activities through joint ventures and wholly owned subsidiaries.