Sinopec Shanghai Petrochemical Co. (NYSE:SHI) Short Interest Update

Sinopec Shanghai Petrochemical Co. (NYSE:SHI) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 21,500 shares, an increase of 138.9% from the August 31st total of 9,000 shares. Based on an average trading volume of 45,300 shares, the short-interest ratio is presently 0.5 days. Shares of Sinopec Shanghai Petrochemical stock opened at $17.27 on Monday. The company has a market capitalization of $1.87 billion, a P/E ratio of -20.56 and a beta of 0.67. The company has a fifty day moving average of $20.84 and…