China Petroleum & Chemical Co. (OTCMKTS:SNPMF) Sees Significant Growth in Short Interest

China Petroleum & Chemical Co. (OTCMKTS:SNPMF) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 52,166,500 shares, an increase of 50.5% from the February 28th total of 34,659,300 shares. Based on an average daily volume of 7,200 shares, the days-to-cover ratio is presently 7,245.3 days.

China Petroleum & Chemical Trading Down 2.3 %

OTCMKTS:SNPMF opened at $0.53 on Friday. China Petroleum & Chemical has a 52 week low of $0.50 and a 52 week high of $0.70. The firm has a 50-day moving average price of $0.55 and a two-hundred day moving average price of $0.56.

About China Petroleum & Chemical

China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas and chemical operations in Mainland China, Singapore, and internationally. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.