News Snapshot:
Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 7,400 shares, a decline of 32.7% from the March 31st total of 11,000 shares. Based on an average daily trading volume, of 27,200 shares, the short-interest ratio is currently 0.3 days. Separately, Zacks Investment Research cut shares of Sinopec Shanghai Petrochemical from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, March 31st. Get Sinopec Shanghai Petrochemical alerts: Sinopec Shanghai Petrochemical stock traded down $0.65 during mid-day trading on...
