Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY) Sees Large Drop in Short Interest

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 300 shares, a decrease of 85.0% from the September 30th total of 2,000 shares. Based on an average daily trading volume, of 1,500 shares, the days-to-cover ratio is presently 0.2 days.

Shanghai Electric Group Stock Performance

OTCMKTS:SIELY traded up $2.09 on Friday, reaching $6.49. 1,876 shares of the stock traded hands, compared to its average volume of 1,008. The company’s 50 day moving average is $3.98 and its 200-day moving average is $3.99. Shanghai Electric Group has a 1-year low of $3.50 and a 1-year high of $6.50.

About Shanghai Electric Group

Shanghai Electric Group Co, Ltd. provides industrial grade green intelligent system solutions in Mainland China and internationally. The company operates through three segments: Energy Equipment, Industrial Equipment, and Integration Services. The Energy Equipment segment designs, manufactures, and sells nuclear power, energy storage, wind power, coal-fired power generation and corollary, and gas-fired power generation equipment; and vessels for chemical industry, as well as provides power grid and industrial intelligent power supply system solutions.