Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) Short Interest Update

Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 6,312,505 shares, an increase of 446.6% from the July 15th total of 1,154,904 shares. Based on an average daily trading volume, of 22,883 shares, the short-interest ratio is currently 275.9 days.

Sinopec Shanghai Petrochemical Price Performance

OTCMKTS SPTJF opened at $0.14 on Thursday. The firm’s fifty day moving average price is $0.15 and its two-hundred day moving average price is $0.17. Sinopec Shanghai Petrochemical has a 1 year low of $0.12 and a 1 year high of $0.21.

About Sinopec Shanghai Petrochemical

Sinopec Shanghai Petrochemical Company Limited is a leading integrated petrochemical enterprise based in Shanghai, China. Established in the early 1970s as one of the country’s first major refining and petrochemical complexes, it was incorporated in its current listed form in 2000. As a subsidiary of China Petroleum & Chemical Corporation (Sinopec), the company operates one of Asia’s largest single-site oil refining and petrochemical facilities in the Jinshan District of Shanghai.

The company’s core business activities encompass the refining of crude oil into automotive and industrial fuels, as well as the production of a broad range of basic and intermediate petrochemical products.