Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI – Get Rating) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 3,200 shares, a decline of 22.0% from the April 15th total of 4,100 shares. Based on an average daily trading volume, of 14,100 shares, the short-interest ratio is presently 0.2 days.
Shares of NYSE SHI opened at $18.27 on Monday. The firm has a market cap of $1.98 billion, a PE ratio of 3.98, a price-to-earnings-growth ratio of 0.49 and a beta of 0.60. The business has a 50 day moving average price of $19.58 and a two-hundred day moving average price of $21.70. The company has a quick ratio of 0.95, a current ratio of 1.33 and a debt-to-equity ratio of 0.02. Sinopec Shanghai Petrochemical has a fifty-two week low of $17.25 and a fifty-two week high of $27.94.
The company also recently declared an annual dividend, which will be paid on Monday, August 8th. Investors of record on Tuesday, June 28th will be paid a $1.571 dividend. This represents a yield of 6.6%. This is an increase from Sinopec Shanghai Petrochemical’s previous annual dividend of $1.53. The ex-dividend date is Monday, June 27th. Sinopec Shanghai Petrochemical’s dividend payout ratio (DPR) is 29.41%.
A number of equities research analysts have issued reports on SHI shares. Zacks Investment Research downgraded Sinopec Shanghai Petrochemical from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. JPMorgan Chase & Co. downgraded shares of Sinopec Shanghai Petrochemical from a “neutral” rating to an “underweight” rating in a research note on Tuesday, April 19th. Finally, StockNews.com assumed coverage on Sinopec Shanghai Petrochemical in a research report on Sunday, May 8th. They issued a “buy” rating for the company.
Sinopec Shanghai Petrochemical Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Sinopec Shanghai Petrochemical (SHI)
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