Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) Sees Significant Growth in Short Interest

Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 6,312,505 shares, an increase of 446.6% from the July 15th total of 1,154,904 shares. Based on an average daily volume of 22,883 shares, the short-interest ratio is currently 275.9 days.

Sinopec Shanghai Petrochemical Stock Up 16.1%

Shares of SPTJF stock opened at $0.14 on Wednesday. Sinopec Shanghai Petrochemical has a one year low of $0.12 and a one year high of $0.21. The stock has a fifty day moving average price of $0.15 and a 200 day moving average price of $0.17.

Sinopec Shanghai Petrochemical Company Profile

Sinopec Shanghai Petrochemical Company Limited is a leading integrated petrochemical enterprise based in Shanghai, China. Established in the early 1970s as one of the country’s first major refining and petrochemical complexes, it was incorporated in its current listed form in 2000. As a subsidiary of China Petroleum & Chemical Corporation (Sinopec), the company operates one of Asia’s largest single-site oil refining and petrochemical facilities in the Jinshan District of Shanghai.

The company’s core business activities encompass the refining of crude oil into automotive and industrial fuels, as well as the production of a broad range of basic and intermediate petrochemical products.