Free Trial

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

Shanghai Electric Group logo with Industrials background

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY - Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 300 shares, a drop of 70.0% from the May 15th total of 1,000 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.0% of the shares of the company are short sold.

Shanghai Electric Group Price Performance

Shares of OTCMKTS SIELY remained flat at $6.70 during mid-day trading on Friday. The company had a trading volume of 25 shares, compared to its average volume of 2,578. The business's fifty day moving average is $6.42 and its 200 day moving average is $6.91. Shanghai Electric Group has a 52-week low of $3.70 and a 52-week high of $10.35.

Shanghai Electric Group Company Profile

(Get Free Report)

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.

Recommended Stories

Should You Invest $1,000 in Shanghai Electric Group Right Now?

Before you consider Shanghai Electric Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shanghai Electric Group wasn't on the list.

While Shanghai Electric Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Palantir at All-Time Highs: Take Profits or Hold the Line?
3 Tech Stocks Insiders Are Buying: Speculative Plays for June
3 Defense Stocks Set to Crush the S&P This Summer

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines