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

Shineco, Inc. (NASDAQ:SISI) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 90,000 shares, a decrease of 34.3% from the February 28th total of 137,000 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 248,200 shares, the days-to-cover ratio is presently 0.4 days.

Shineco Stock Performance

Shares of SISI traded down $0.28 during mid-day trading on Friday, hitting $0.97. The stock had a trading volume of 304,614 shares, compared to its average volume of 129,379. The company’s fifty day simple moving average is $1.19 and its two-hundred day simple moving average is $2.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.75. Shineco has a fifty-two week low of $0.73 and a fifty-two week high of $117.65.

Shineco (NASDAQ:SISI) last posted its quarterly earnings results on Friday, February 14th. The company reported ($0.90) EPS for the quarter. The business had revenue of $3.05 million during the quarter. Shineco had a negative net margin of 245.08% and a negative return on equity of 64.49%.

Institutional Trading of Shineco

An institutional investor recently bought a new position in Shineco stock. Powell Investment Advisors LLC purchased a new stake in shares of Shineco, Inc. (NASDAQ:SISI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,500 shares of the company’s stock, valued at approximately $52,000. Powell Investment Advisors LLC owned about 0.66% of Shineco at the end of the most recent quarter. 4.08% of the stock is currently owned by hedge funds and other institutional investors.

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.