Shineco, Inc. (NASDAQ:SISI) Sees Significant Increase in Short Interest

Shineco, Inc. (NASDAQ:SISI) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 402,300 shares, an increase of 105.7% from the June 30th total of 195,600 shares. Approximately 4.5% of the shares of the stock are short sold. Based on an average trading volume of 1,090,000 shares, the days-to-cover ratio is presently 0.4 days.

Shineco Stock Performance

Shares of NASDAQ SISI remained flat at $0.68 during midday trading on Friday. The stock had a trading volume of 455,823 shares, compared to its average volume of 2,551,987. The company’s 50-day simple moving average is $2.27 and its 200 day simple moving average is $1.47. Shineco has a 1-year low of $0.61 and a 1-year high of $4.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.52 and a quick ratio of 0.48.

Shineco (NASDAQ:SISI) last released its earnings results on Wednesday, May 15th. The company reported ($0.52) earnings per share for the quarter. The firm had revenue of $1.35 million during the quarter. Shineco had a negative net margin of 138.63% and a negative return on equity of 32.37%.

Shineco Company Profile

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.