China Petroleum & Chemical Co. (OTCMKTS:SNPMF – Get Free Report) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 41,784,638 shares, a decrease 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 currently 817.7 days.
China Petroleum & Chemical Stock Performance
Shares of OTCMKTS:SNPMF opened at $0.55 on Friday. The stock’s 50-day moving average is $0.54 and its 200 day moving average is $0.59. China Petroleum & Chemical has a 1 year low of $0.48 and a 1 year high of $0.72.
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.
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