Short Interest in Shineco, Inc. (NASDAQ:SISI) Declines By 25.6%

Shineco, Inc. (NASDAQ:SISI) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 5,800 shares, a drop of 25.6% from the March 15th total of 7,800 shares. Based on an average daily volume of 415,200 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SISI. Renaissance Technologies LLC purchased a new position in shares of Shineco during the 1st quarter valued at about $353,000. Virtu Financial LLC bought a new stake in Shineco during the 1st quarter valued at approximately $28,000. Marshall Wace LLP bought a new stake in Shineco during the 4th quarter valued at approximately $34,000. Finally, Jane Street Group LLC bought a new stake in Shineco during the 4th quarter valued at approximately $50,000. 4.08% of the stock is owned by hedge funds and other institutional investors.

Shineco Stock Performance

NASDAQ:SISI traded up $0.03 on Friday, hitting $0.71. The stock had a trading volume of 320,931 shares, compared to its average volume of 64,664. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.02. The business’s 50-day simple moving average is $1.05 and its two-hundred day simple moving average is $1.15. Shineco has a 52-week low of $0.61 and a 52-week high of $7.50.

Shineco (NASDAQ:SISI) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($8.40) earnings per share for the quarter. The firm had revenue of $2.31 million during the quarter.

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.