News Snapshot:
Sinopec Shanghai Petrochemical Company Limited ( NYSE:SHI – Get Rating ) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 6,700 shares, a growth of 67.5% from the May 15th total of 4,000 shares. Based on an average trading volume of 15,900 shares, the days-to-cover ratio is presently 0.4 days. NYSE SHI traded up $0.73 during trading on Wednesday, hitting $19.68. 10,648 shares of the company’s stock traded hands, compared to its average volume of 14,330. Sinopec Shanghai Petrochemical has a 12-month low of $17.25...
