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

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

Shineco Stock Performance

Shares of SISI traded down $0.28 during midday 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 stock’s 50 day moving average is $1.19 and its 200 day moving average is $2.85. The company has a current ratio of 0.86, a quick ratio of 0.75 and a debt-to-equity ratio of 0.04. Shineco has a 1 year low of $0.73 and a 1 year high of $117.65.

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

Institutional Investors Weigh In On Shineco

A hedge fund recently bought a new stake in Shineco stock. Powell Investment Advisors LLC acquired a new stake in Shineco, Inc. (NASDAQ:SISI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,500 shares of the company’s stock, valued at approximately $52,000. Powell Investment Advisors LLC owned 0.66% of Shineco at the end of the most recent reporting period. 4.08% of the stock is currently owned by institutional investors.

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.