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

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Shineco stock. Powell Investment Advisors LLC bought a new position in shares of Shineco, Inc. (NASDAQ:SISI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,500 shares of the company’s stock, valued at approximately $52,000. Powell Investment Advisors LLC owned 0.66% of Shineco as of its most recent SEC filing. Institutional investors own 4.08% of the company’s stock.

Shineco Trading Down 6.0 %

Shares of Shineco stock traded down $0.06 during mid-day trading on Monday, hitting $0.91. 26,704 shares of the stock were exchanged, compared to its average volume of 128,971. Shineco has a 12 month low of $0.73 and a 12 month high of $117.65. The company has a 50-day simple moving average of $1.19 and a 200 day simple moving average of $2.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.75.

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

About Shineco

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.