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

Shineco, Inc. (NASDAQ:SISIGet Free Report) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 20,400 shares, a drop of 87.2% from the January 31st total of 159,300 shares. Currently, 3.2% of the company’s shares are short sold. Based on an average trading volume of 390,100 shares, the short-interest ratio is presently 0.1 days.

Shineco Stock Down 5.1 %

Shares of NASDAQ:SISI traded down $0.06 during trading on Thursday, reaching $1.12. The company’s stock had a trading volume of 45,788 shares, compared to its average volume of 587,183. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.02. Shineco has a 12 month low of $0.81 and a 12 month high of $8.90. The firm’s 50 day simple moving average is $1.31 and its two-hundred day simple moving average is $1.30.

Shineco (NASDAQ:SISIGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The company reported ($8.40) earnings per share (EPS) for the quarter. The business had revenue of $2.31 million for the quarter.

Institutional Trading of Shineco

Several institutional investors have recently added to or reduced their stakes in SISI. Renaissance Technologies LLC bought a new stake in Shineco in the first quarter worth about $353,000. Jane Street Group LLC bought a new stake in shares of Shineco during the fourth quarter valued at approximately $50,000. Marshall Wace LLP bought a new stake in shares of Shineco during the fourth quarter valued at approximately $34,000. Finally, Virtu Financial LLC bought a new stake in shares of Shineco during the first quarter valued at approximately $28,000. Institutional investors own 0.97% of the company’s stock.

About Shineco

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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.

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