Shineco, Inc. (NASDAQ:SISI – Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 402,300 shares, a growth of 105.7% from the June 30th total of 195,600 shares. Approximately 4.5% of the shares of the stock are sold short. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is presently 0.4 days.
Shineco Price Performance
Shares of SISI stock remained flat at $0.68 on Friday. 455,823 shares of the stock were exchanged, compared to its average volume of 2,551,987. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 0.02. Shineco has a 52-week low of $0.61 and a 52-week high of $4.90. The firm has a 50 day simple moving average of $2.27 and a 200-day simple moving average of $1.47.
Shineco (NASDAQ:SISI – Get Free Report) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($0.52) earnings per share (EPS) for the quarter. The business had revenue of $1.35 million during the quarter. Shineco had a negative net margin of 138.63% and a negative return on equity of 32.37%.
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.
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