Shineco, Inc. (NASDAQ:SISI) Short Interest Down 15.7% in December

Shineco, Inc. (NASDAQ:SISI) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 195,500 shares, a decline of 15.7% from the December 15th total of 231,800 shares. Based on an average daily trading volume, of 309,800 shares, the short-interest ratio is currently 0.6 days. Currently, 12.7% of the company’s stock are short sold.

Shineco Stock Performance

NASDAQ SISI traded up $0.10 during trading on Thursday, reaching $1.77. 147,152 shares of the company’s stock were exchanged, compared to its average volume of 306,585. The company’s fifty day simple moving average is $2.43 and its 200-day simple moving average is $10.97. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 0.04. Shineco has a fifty-two week low of $1.63 and a fifty-two week high of $117.65.

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.