Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY) Sees Large Drop in Short Interest

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totalling 300 shares, a decrease of 85.0% from the September 30th total of 2,000 shares. Based on an average daily trading volume, of 1,500 shares, the short-interest ratio is presently 0.2 days.

Shanghai Electric Group Price Performance

Shares of Shanghai Electric Group stock traded up $2.09 on Friday, reaching $6.49. 1,876 shares of the company’s stock were exchanged, compared to its average volume of 1,008. Shanghai Electric Group has a 52 week low of $3.50 and a 52 week high of $6.50. The firm’s 50-day moving average is $3.98 and its two-hundred day moving average is $3.99.

Shanghai Electric Group Company Profile

Shanghai Electric Group Co, Ltd. provides industrial grade green intelligent system solutions in Mainland China and internationally. The company operates through three segments: Energy Equipment, Industrial Equipment, and Integration Services. The Energy Equipment segment designs, manufactures, and sells nuclear power, energy storage, wind power, coal-fired power generation and corollary, and gas-fired power generation equipment; and vessels for chemical industry, as well as provides power grid and industrial intelligent power supply system solutions.