Short Interest in Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) Decreases By 36.3%

Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 5,708,000 shares, a decline of 36.3% from the May 15th total of 8,958,000 shares. Based on an average trading volume of 4,000 shares, the short-interest ratio is presently 1,427.0 days.

Sinopec Shanghai Petrochemical Stock Performance

OTCMKTS:SPTJF opened at $0.16 on Tuesday. The firm’s fifty day simple moving average is $0.15 and its 200 day simple moving average is $0.15. Sinopec Shanghai Petrochemical has a twelve month low of $0.10 and a twelve month high of $0.19.

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.