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

SINOPEC Engineering (Group) Co., Ltd. (OTCMKTS:SENGF) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 139,925 shares, a growth of 31.5% from the February 26th total of 106,425 shares. Based on an average daily trading volume, of 40 shares, the days-to-cover ratio is presently 3,498.1 days.

SINOPEC Engineering (Group) Price Performance

OTCMKTS SENGF opened at $0.80 on Tuesday. The firm’s fifty day moving average price is $0.90 and its 200 day moving average price is $0.83. SINOPEC Engineering has a 12 month low of $0.80 and a 12 month high of $1.00.

About SINOPEC Engineering (Group)

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.