Shineco, Inc. (NASDAQ:SISI) Sees Significant Growth in Short Interest

Shineco, Inc. (NASDAQ:SISI) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 114,200 shares, a growth of 183.4% from the October 31st total of 40,300 shares. Based on an average daily trading volume, of 111,100 shares, the days-to-cover ratio is presently 1.0 days. Approximately 7.7% of the shares of the stock are sold short.

Shineco Stock Performance

Shineco stock opened at $2.47 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.75 and a current ratio of 0.81. The stock’s fifty day moving average price is $3.87 and its two-hundred day moving average price is $23.99. Shineco has a one year low of $2.07 and a one year high of $117.65.

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.