China Petroleum & Chemical Co. (OTCMKTS:SNPMF) Short Interest Update

China Petroleum & Chemical Co. (OTCMKTS:SNPMF) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 11,026,000 shares, an increase of 280.4% from the August 15th total of 2,898,400 shares. Based on an average daily trading volume, of 292,500 shares, the days-to-cover ratio is currently 37.7 days.

China Petroleum & Chemical Stock Performance

SNPMF traded up $0.04 during trading on Friday, hitting $0.58. 121,250 shares of the company’s stock traded hands, compared to its average volume of 98,567. China Petroleum & Chemical has a 12-month low of $0.45 and a 12-month high of $0.69. The company’s 50 day simple moving average is $0.62 and its two-hundred day simple moving average is $0.60.

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.