SINOPEC Engineering (Group) Co., Ltd. (OTCMKTS:SENGF) Short Interest Down 62.4% in August

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

SINOPEC Engineering (Group) Price Performance

OTCMKTS SENGF opened at $0.67 on Friday. SINOPEC Engineering has a twelve month low of $0.67 and a twelve month high of $1.00. The stock has a 50-day simple moving average of $0.78 and a 200 day simple moving average of $0.82.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in SINOPEC Engineering (Group) stock. Ancora Advisors LLC acquired a new stake in SINOPEC Engineering (Group) Co., Ltd. (OTCMKTS:SENGF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,427 shares of the company’s stock, valued at approximately $3,960,000.

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.