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

China Petroleum & Chemical Co. (OTCMKTS:SNPMF) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 34,659,300 shares, a decline of 18.0% from the February 13th total of 42,243,300 shares. Based on an average daily trading volume, of 40,000 shares, the days-to-cover ratio is presently 866.5 days.

China Petroleum & Chemical Stock Performance

Shares of China Petroleum & Chemical stock traded up $0.03 on Wednesday, reaching $0.59. 26,171 shares of the stock were exchanged, compared to its average volume of 18,791. The firm’s 50 day moving average is $0.55 and its 200-day moving average is $0.56. China Petroleum & Chemical has a one year low of $0.50 and a one year high of $0.70.

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.