Short Interest in Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) Increases By 112.8%

Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) was the recipient of a significant increase in short interest in 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 trading volume of 6,500 shares, the days-to-cover ratio is presently 1,793.2 days.

Sinopec Shanghai Petrochemical Price Performance

OTCMKTS:SPTJF remained flat at $0.13 during mid-day trading on Friday. The business has a fifty day moving average price of $0.15 and a two-hundred day moving average price of $0.14. Sinopec Shanghai Petrochemical has a fifty-two week low of $0.05 and a fifty-two week 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.