Short Interest in China Petroleum & Chemical Co. (OTCMKTS:SNPMF) Drops By 49.2%

China Petroleum & Chemical Co. (OTCMKTS:SNPMF) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totalling 6,186,800 shares, a decline of 49.2% from the September 15th total of 12,174,000 shares. Based on an average daily volume of 66,400 shares, the short-interest ratio is presently 93.2 days.

China Petroleum & Chemical Stock Performance

Shares of SNPMF traded down $0.03 during midday trading on Friday, hitting $0.63. The company had a trading volume of 26,500 shares, compared to its average volume of 97,071. China Petroleum & Chemical has a 1 year low of $0.45 and a 1 year high of $0.70. The company’s 50-day simple moving average is $0.62 and its 200-day simple moving average is $0.61.

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.