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

China Petroleum & Chemical Co. (OTCMKTS:SNPMF) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 136,704,524 shares, a decrease of 39.5% from the June 30th total of 226,098,216 shares. Based on an average daily volume of 4,685 shares, the days-to-cover ratio is presently 29,179.2 days.

China Petroleum & Chemical Price Performance

Shares of OTCMKTS:SNPMF traded down $0.04 during midday trading on Thursday, reaching $0.53. The company’s stock had a trading volume of 136,384 shares, compared to its average volume of 55,888. China Petroleum & Chemical has a 1 year low of $0.48 and a 1 year high of $0.72. The business has a 50 day moving average price of $0.54 and a 200 day moving average price of $0.60.

China Petroleum & Chemical Company Profile

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.