Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) Short Interest Down 12.6% in March

Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 16,838,000 shares, a drop of 12.6% from the February 28th total of 19,268,000 shares. Based on an average daily trading volume, of 61,000 shares, the days-to-cover ratio is presently 276.0 days.

Sinopec Shanghai Petrochemical Price Performance

OTCMKTS:SPTJF opened at $0.14 on Thursday. Sinopec Shanghai Petrochemical has a twelve month low of $0.10 and a twelve month high of $0.19. The company’s 50 day moving average is $0.14 and its two-hundred day moving average is $0.15.

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.