China Petroleum & Chemical Co. (OTCMKTS:SNPMF) Sees Significant Growth in Short Interest

China Petroleum & Chemical Co. (OTCMKTS:SNPMF) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 52,166,500 shares, an increase of 50.5% from the February 28th total of 34,659,300 shares. Based on an average daily volume of 7,200 shares, the days-to-cover ratio is presently 7,245.3 days.

China Petroleum & Chemical Price Performance

OTCMKTS:SNPMF remained flat at $0.53 during trading hours on Tuesday. China Petroleum & Chemical has a fifty-two week low of $0.50 and a fifty-two week high of $0.70. The firm’s fifty day simple moving average is $0.55 and its 200-day simple moving average is $0.56.

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.