Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI) Short Interest Down 74.9% in November – Watch List News

Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 6,500 shares, a decrease of 74.9% from the October 31st total of 25,900 shares. Based on an average trading volume of 51,200 shares, the days-to-cover ratio is presently 0.1 days. Shares of SHI stock traded down $0.60 on Friday, reaching $23.50. 20,100 shares of the company were exchanged, compared to its average volume of 35,766. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.46 and a…