Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI) Short Interest Up 36.3% in July

Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI – Get Rating) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 18,400 shares, an increase of 36.3% from the June 30th total of 13,500 shares. Based on an average daily volume of 16,700 shares, the days-to-cover ratio is currently 1.1 days.

Analysts Set New Price Targets

SHI has been the topic of a number of research reports. StockNews.com initiated coverage on shares of Sinopec Shanghai Petrochemical in a research report on Sunday, May 8th. They issued a “buy” rating on the stock. Morgan Stanley lowered shares of Sinopec Shanghai Petrochemical from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 28th. Finally, JPMorgan Chase & Co. lowered shares of Sinopec Shanghai Petrochemical from a “neutral” rating to an “underweight” rating in a research report on Tuesday, April 19th.

Institutional Trading of Sinopec Shanghai Petrochemical

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Veriti Management LLC acquired a new position in shares of Sinopec Shanghai Petrochemical in the first quarter valued at $270,000. Aaron Wealth Advisors LLC acquired a new position in shares of Sinopec Shanghai Petrochemical in the first quarter valued at $293,000. Cambria Investment Management L.P. increased its holdings in shares of Sinopec Shanghai Petrochemical by 11.6% in the fourth quarter. Cambria Investment Management L.P. now owns 16,474 shares of the oil and gas company’s stock valued at $375,000 after purchasing an additional 1,715 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Sinopec Shanghai Petrochemical by 82.1% in the first quarter. Jane Street Group LLC now owns 46,056 shares of the oil and gas company’s stock valued at $944,000 after purchasing an additional 20,761 shares during the last quarter. 0.85% of the stock is owned by institutional investors.

Sinopec Shanghai Petrochemical Stock Performance

NYSE SHI opened at $16.39 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.95 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $17.94 and its two-hundred day moving average price is $19.78. Sinopec Shanghai Petrochemical has a 1 year low of $15.68 and a 1 year high of $27.94. The firm has a market capitalization of $1.77 billion, a P/E ratio of 5.52, a price-to-earnings-growth ratio of 0.45 and a beta of 0.59.

Sinopec Shanghai Petrochemical (NYSE:SHI – Get Rating) last posted its quarterly earnings results on Friday, April 29th. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter. Sinopec Shanghai Petrochemical had a net margin of 2.32% and a return on equity of 6.85%. The firm had revenue of $4.28 billion for the quarter. As a group, research analysts anticipate that Sinopec Shanghai Petrochemical will post 2.58 EPS for the current year.

Sinopec Shanghai Petrochemical Company Profile

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Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, manufactures and sells petroleum products in the People's Republic of China. It operates through five segments: Synthetic Fibers, Resins and Plastics, Intermediate Petrochemicals, Petroleum Products, and Trading of Petrochemical Products.

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