China Petroleum & Chemical Co. (OTCMKTS:SNPMF – Get Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 41,784,638 shares, a decline 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 presently 817.7 days.
China Petroleum & Chemical Stock Up 3.8%
OTCMKTS:SNPMF opened at $0.55 on Thursday. China Petroleum & Chemical has a 52 week low of $0.48 and a 52 week high of $0.72. The stock has a 50 day moving average of $0.54 and a 200-day moving average of $0.59.
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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