SINOPEC Engineering (Group) Co., Ltd. (OTCMKTS:SENGF) Sees Large Drop in Short Interest

SINOPEC Engineering (Group) Co., Ltd. (OTCMKTS:SENGF) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 56,040 shares, a decrease of 62.4% from the July 30th total of 149,040 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in SINOPEC Engineering (Group) stock. Ancora Advisors LLC purchased a new position in shares of SINOPEC Engineering (Group) Co., Ltd. (OTCMKTS:SENGF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 31,427 shares of the company’s stock, valued at approximately $3,960,000.

SINOPEC Engineering (Group) Stock Performance

SENGF stock opened at $0.67 on Friday. The business has a 50 day moving average price of $0.77 and a 200 day moving average price of $0.82. SINOPEC Engineering has a fifty-two week low of $0.67 and a fifty-two week high of $1.00.

SINOPEC Engineering (Group) Company Profile

Sinopec Engineering (Group) Co, Ltd. (OTCMKTS: SENGF) is a leading engineering, procurement and construction (EPC) contractor serving the petroleum and chemical industries. As a subsidiary of China Petroleum & Chemical Corporation (Sinopec), the company specializes in the design and delivery of complex refining, petrochemical and chemical projects. Its service offerings encompass front‐end engineering and design (FEED), detailed engineering, procurement of equipment and materials, project management, construction supervision and start‐up support.