Shineco, Inc. (NASDAQ:SISI) Sees Large Decrease in Short Interest

Shineco, Inc. (NASDAQ:SISI) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 40,300 shares, a decline of 96.9% from the October 15th total of 1,310,000 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 2,160,000 shares, the short-interest ratio is currently 0.0 days.

Shineco Stock Performance

NASDAQ SISI traded up $0.15 during midday trading on Thursday, hitting $2.84. The company had a trading volume of 504,014 shares, compared to its average volume of 52,915. Shineco has a fifty-two week low of $2.33 and a fifty-two week high of $117.65. The firm has a fifty day simple moving average of $5.57 and a two-hundred day simple moving average of $25.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.70 and a current ratio of 0.76.

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.