Shineco, Inc. (NASDAQ:SISI) Short Interest Update

Shineco, Inc. (NASDAQ:SISI) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 231,800 shares, a growth of 123.3% from the November 30th total of 103,800 shares. Currently, 15.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 216,800 shares, the short-interest ratio is presently 1.1 days.

Shineco Stock Performance

SISI traded up $0.71 during trading on Friday, reaching $3.34. The company’s stock had a trading volume of 1,780,030 shares, compared to its average volume of 89,018. The firm has a fifty day simple moving average of $2.79 and a two-hundred day simple moving average of $19.42. Shineco has a 1 year low of $1.95 and a 1 year high of $117.65. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 0.04.

About Shineco

Shineco, Inc, through its subsidiaries, processes and distributes agricultural produce. It also engages in the growing and cultivation of mulberry trees and silkworm cocoons; distribution of fruit business; and processing and distribution of silk and silk fabrics, as well as other by-products. The company was incorporated in 1997 and is headquartered in Beijing, the People's Republic of China.